VanEck Intermediate Muni ETF (BATS:ITM – Get Free Report) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $45.30 and last traded at $45.3150, with a volume of 31326 shares. The stock had previously closed at $45.33.
VanEck Intermediate Muni ETF Trading Up 0.1%
The company has a 50-day simple moving average of $46.16 and a two-hundred day simple moving average of $46.64.
Hedge Funds Weigh In On VanEck Intermediate Muni ETF
Several large investors have recently made changes to their positions in ITM. UMB Bank n.a. purchased a new stake in shares of VanEck Intermediate Muni ETF during the fourth quarter valued at $48,294,000. Ameriprise Financial Inc. grew its position in shares of VanEck Intermediate Muni ETF by 217.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 877,749 shares of the company’s stock valued at $39,908,000 after acquiring an additional 601,111 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of VanEck Intermediate Muni ETF by 10.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,239,352 shares of the company’s stock worth $199,928,000 after buying an additional 394,734 shares during the period. TIAA Trust National Association raised its stake in VanEck Intermediate Muni ETF by 70.9% during the 4th quarter. TIAA Trust National Association now owns 862,097 shares of the company’s stock worth $40,656,000 after acquiring an additional 357,608 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of VanEck Intermediate Muni ETF by 21.1% in the fourth quarter. Wells Fargo & Company MN now owns 959,915 shares of the company’s stock worth $45,270,000 after purchasing an additional 167,376 shares during the period.
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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