LCW Services LLC cut its position in shares of VanEck Intermediate Muni ETF (BATS:ITM – Free Report) by 51.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,829 shares of the company’s stock after selling 14,864 shares during the quarter. VanEck Intermediate Muni ETF makes up 0.3% of LCW Services LLC’s portfolio, making the stock its 27th largest holding. LCW Services LLC’s holdings in VanEck Intermediate Muni ETF were worth $608,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ITM. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in VanEck Intermediate Muni ETF in the third quarter valued at $47,550,000. Mather Group LLC. acquired a new position in shares of VanEck Intermediate Muni ETF in the third quarter worth about $21,563,000. Envestnet Asset Management Inc. raised its position in shares of VanEck Intermediate Muni ETF by 24.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,356,868 shares of the company’s stock worth $63,759,000 after acquiring an additional 268,374 shares during the period. Fragasso Financial Advisors Inc raised its position in shares of VanEck Intermediate Muni ETF by 3,371.1% in the third quarter. Fragasso Financial Advisors Inc now owns 210,278 shares of the company’s stock worth $9,297,000 after acquiring an additional 204,220 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of VanEck Intermediate Muni ETF by 0.7% during the 1st quarter. Bank of America Corp DE now owns 16,468,733 shares of the company’s stock worth $764,643,000 after acquiring an additional 121,958 shares in the last quarter.
VanEck Intermediate Muni ETF Price Performance
ITM stock opened at $44.87 on Thursday. VanEck Intermediate Muni ETF has a 52-week low of $43.58 and a 52-week high of $48.02. The company’s 50-day simple moving average is $44.97 and its 200-day simple moving average is $46.05.
VanEck Intermediate Muni ETF Profile
The VanEck Intermediate Muni ETF (ITM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of investment grade, tax-exempt US municipal bonds with nominal maturities of 6-17 years. ITM was launched on Dec 4, 2007 and is managed by VanEck.
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Want to see what other hedge funds are holding ITM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Intermediate Muni ETF (BATS:ITM – Free Report).
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