Prime Capital Investment Advisors LLC purchased a new stake in VanEck Intermediate Muni ETF (BATS:ITM – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 16,584 shares of the company’s stock, valued at approximately $730,000.
A number of other hedge funds have also added to or reduced their stakes in ITM. Blue Trust Inc. increased its holdings in VanEck Intermediate Muni ETF by 96.0% during the 1st quarter. Blue Trust Inc. now owns 633 shares of the company’s stock worth $29,000 after purchasing an additional 310 shares in the last quarter. Compass Financial Management LLC purchased a new stake in shares of VanEck Intermediate Muni ETF in the second quarter worth approximately $53,000. International Assets Investment Management LLC lifted its holdings in shares of VanEck Intermediate Muni ETF by 67.9% in the first 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 in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of VanEck Intermediate Muni ETF in the second quarter valued at approximately $67,000. Finally, Continuum Advisory LLC bought a new position in shares of VanEck Intermediate Muni ETF in the second quarter valued at approximately $123,000.
VanEck Intermediate Muni ETF Stock Up 0.4%
Shares of BATS:ITM traded up $0.16 during mid-day trading on Friday, hitting $45.43. 558,546 shares of the company traded hands, compared to its average volume of 426,393. VanEck Intermediate Muni ETF has a 12-month low of $43.58 and a 12-month high of $48.02. The stock has a 50-day moving average price of $44.94 and a two-hundred day moving average price of $46.04.
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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