VanEck Intermediate Muni ETF (BATS:ITM) Sets New 12-Month Low – What’s Next?

VanEck Intermediate Muni ETF (BATS:ITM)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $45.45 and last traded at $45.45, with a volume of 38010 shares trading hands. The stock had previously closed at $45.74.

VanEck Intermediate Muni ETF Stock Down 0.1%

The firm’s 50 day moving average is $46.26 and its 200 day moving average is $46.69.

Hedge Funds Weigh In On VanEck Intermediate Muni ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Blair William & Co. IL grew its stake in shares of VanEck Intermediate Muni ETF by 163.5% in the third quarter. Blair William & Co. IL now owns 527 shares of the company’s stock worth $25,000 after purchasing an additional 327 shares during the last quarter. Blue Trust Inc. grew its position in shares of VanEck Intermediate Muni ETF by 96.0% in the 1st quarter. Blue Trust Inc. now owns 633 shares of the company’s stock worth $29,000 after buying an additional 310 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of VanEck Intermediate Muni ETF in the 4th quarter worth approximately $34,000. Compass Financial Management LLC purchased a new position in shares of VanEck Intermediate Muni ETF during the second quarter valued at approximately $53,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of VanEck Intermediate Muni ETF during the second quarter valued at approximately $67,000.

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.