Park Avenue Securities LLC Has $6.06 Million Holdings in VanEck Intermediate Muni ETF $ITM

Park Avenue Securities LLC raised its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 28.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 129,951 shares of the company’s stock after purchasing an additional 28,427 shares during the period. Park Avenue Securities LLC owned approximately 0.32% of VanEck Intermediate Muni ETF worth $6,056,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of VanEck Intermediate Muni ETF by 47.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,636,894 shares of the company’s stock valued at $165,370,000 after purchasing an additional 1,164,977 shares in the last quarter. Jane Street Group LLC purchased a new stake in VanEck Intermediate Muni ETF in the 1st quarter valued at $39,657,000. Ameriprise Financial Inc. lifted its stake in 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 in the last quarter. Mather Group LLC. boosted its holdings in VanEck Intermediate Muni ETF by 49.7% during the 2nd quarter. Mather Group LLC. now owns 447,121 shares of the company’s stock worth $20,331,000 after acquiring an additional 148,426 shares during the last quarter. Finally, Simon Quick Advisors LLC purchased a new position in VanEck Intermediate Muni ETF during the 2nd quarter worth $4,996,000.

VanEck Intermediate Muni ETF Trading Up 1.0%

Shares of ITM stock opened at $47.38 on Friday. The firm has a 50-day moving average of $47.08 and a 200-day moving average of $46.38. VanEck Intermediate Muni ETF has a one year low of $43.42 and a one year high of $47.01.

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.