VanEck Intermediate Muni ETF (BATS:ITM – Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $43.58 and last traded at $43.62, with a volume of 1034617 shares trading hands. The stock had previously closed at $43.85.
VanEck Intermediate Muni ETF Trading Up 0.3%
The company’s fifty day simple moving average is $45.43 and its two-hundred day simple moving average is $46.26.
Hedge Funds Weigh In On VanEck Intermediate Muni ETF
Several large investors have recently modified their holdings of ITM. Confluence Investment Management LLC bought a new stake in VanEck Intermediate Muni ETF in the third quarter valued at about $589,000. Envestnet Asset Management Inc. lifted its holdings in VanEck Intermediate Muni ETF by 24.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,356,868 shares of the company’s stock worth $63,759,000 after buying an additional 268,374 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in VanEck Intermediate Muni ETF by 5.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 70,293 shares of the company’s stock worth $3,303,000 after buying an additional 3,533 shares during the last quarter. Hyundai Investments Co. Ltd. grew its position in shares of VanEck Intermediate Muni ETF by 66.7% in the 2nd quarter. Hyundai Investments Co. Ltd. now owns 13,864 shares of the company’s stock worth $652,000 after acquiring an additional 5,549 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of VanEck Intermediate Muni ETF in the 2nd quarter worth 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.
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