LCW Services LLC acquired a new stake in shares of VanEck Intermediate Muni ETF (BATS:ITM – Free Report) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 33,358 shares of the company’s stock, valued at approximately $1,573,000. VanEck Intermediate Muni ETF comprises 0.8% of LCW Services LLC’s portfolio, making the stock its 17th largest position.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. OneDigital Investment Advisors LLC grew its position in shares of VanEck Intermediate Muni ETF by 5.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 477,029 shares of the company’s stock valued at $22,230,000 after acquiring an additional 23,209 shares during the period. TIAA Trust National Association bought a new position in shares of VanEck Intermediate Muni ETF in the 3rd quarter valued at about $23,509,000. Curbstone Financial Management Corp bought a new position in shares of VanEck Intermediate Muni ETF in the 4th quarter valued at about $578,000. Leo Wealth LLC bought a new position in shares of VanEck Intermediate Muni ETF in the 4th quarter valued at about $521,000. Finally, Union Bancaire Privee UBP SA bought a new position in shares of VanEck Intermediate Muni ETF in the 4th quarter valued at about $1,038,000.
VanEck Intermediate Muni ETF Price Performance
Shares of ITM opened at $46.80 on Friday. The firm has a 50-day moving average of $46.70 and a 200-day moving average of $47.06. VanEck Intermediate Muni ETF has a one year low of $44.97 and a one year 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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