FOCUS Wealth Advisors LLC lowered its position in VanEck Intermediate Muni ETF (BATS:ITM – Free Report) by 9.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 167,761 shares of the company’s stock after selling 16,596 shares during the quarter. VanEck Intermediate Muni ETF comprises about 3.6% of FOCUS Wealth Advisors LLC’s holdings, making the stock its 6th biggest holding. FOCUS Wealth Advisors LLC’s holdings in VanEck Intermediate Muni ETF were worth $7,381,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its position in VanEck Intermediate Muni ETF by 96.0% during the first quarter. Blue Trust Inc. now owns 633 shares of the company’s stock worth $29,000 after purchasing an additional 310 shares during the last quarter. Compass Financial Management LLC acquired a new position in VanEck Intermediate Muni ETF in the 2nd quarter valued at about $53,000. International Assets Investment Management LLC boosted its holdings in VanEck Intermediate Muni ETF by 67.9% in the 1st quarter. International Assets Investment Management LLC now owns 1,204 shares of the company’s stock valued at $56,000 after purchasing an additional 487 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in VanEck Intermediate Muni ETF in the 2nd quarter valued at about $67,000. Finally, Continuum Advisory LLC purchased a new stake in shares of VanEck Intermediate Muni ETF in the 2nd quarter valued at approximately $123,000.
VanEck Intermediate Muni ETF Stock Performance
Shares of VanEck Intermediate Muni ETF stock traded down $0.03 during mid-day trading on Wednesday, hitting $44.45. The stock had a trading volume of 803,249 shares, compared to its average volume of 408,505. The firm has a 50-day moving average of $45.14 and a two-hundred day moving average of $46.12. VanEck Intermediate Muni ETF has a 12-month low of $43.58 and a 12-month high of $48.02.
VanEck Intermediate Muni ETF Company 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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