Claro Advisors Inc. increased its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM – Free Report) by 270.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 28,043 shares of the company’s stock after buying an additional 20,469 shares during the quarter. Claro Advisors Inc.’s holdings in VanEck Intermediate Muni ETF were worth $1,234,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of ITM. Royal Bank of Canada lifted its position in shares of VanEck Intermediate Muni ETF by 41.0% during the 1st quarter. Royal Bank of Canada now owns 140,842 shares of the company’s stock valued at $6,539,000 after buying an additional 40,948 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of VanEck Intermediate Muni ETF by 136.8% during the 1st quarter. Quantinno Capital Management LP now owns 20,170 shares of the company’s stock worth $936,000 after acquiring an additional 11,651 shares during the period. Advisors Preferred LLC purchased a new stake in VanEck Intermediate Muni ETF in the 1st quarter worth about $5,026,000. Prime Capital Investment Advisors LLC bought a new stake in VanEck Intermediate Muni ETF in the 3rd quarter valued at about $730,000. Finally, Bank of America Corp DE boosted its position in VanEck Intermediate Muni ETF by 0.7% during the first quarter. Bank of America Corp DE now owns 16,468,733 shares of the company’s stock worth $764,643,000 after purchasing an additional 121,958 shares during the period.
VanEck Intermediate Muni ETF Price Performance
Shares of ITM traded up $0.12 during trading hours on Friday, hitting $46.06. The company’s stock had a trading volume of 741,708 shares, compared to its average volume of 441,291. The business has a 50 day simple moving average of $44.90 and a two-hundred day simple moving average of $46.32. VanEck Intermediate Muni ETF has a 52-week low of $43.58 and a 52-week high of $48.02.
About VanEck Intermediate Muni ETF
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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