Fragasso Financial Advisors Inc Purchases 204,220 Shares of VanEck Intermediate Muni ETF $ITM

Fragasso Financial Advisors Inc grew its position in VanEck Intermediate Muni ETF (BATS:ITM) by 3,371.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 210,278 shares of the company’s stock after acquiring an additional 204,220 shares during the quarter. VanEck Intermediate Muni ETF makes up approximately 0.5% of Fragasso Financial Advisors Inc’s holdings, making the stock its 23rd largest position. Fragasso Financial Advisors Inc owned 0.51% of VanEck Intermediate Muni ETF worth $9,297,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Concurrent Investment Advisors LLC boosted its holdings in shares of VanEck Intermediate Muni ETF by 2.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 9,583 shares of the company’s stock valued at $450,000 after buying an additional 267 shares during the period. Blue Trust Inc. boosted its stake in VanEck Intermediate Muni ETF by 96.0% during the first quarter. Blue Trust Inc. now owns 633 shares of the company’s stock valued at $29,000 after buying an additional 310 shares in the last quarter. Gradient Investments LLC grew its position in VanEck Intermediate Muni ETF by 3.5% in the second quarter. Gradient Investments LLC now owns 13,916 shares of the company’s stock worth $654,000 after buying an additional 472 shares during the last quarter. International Assets Investment Management LLC increased its stake in VanEck Intermediate Muni ETF by 67.9% in the 1st quarter. International Assets Investment Management LLC now owns 1,204 shares of the company’s stock worth $56,000 after purchasing an additional 487 shares in the last quarter. Finally, World Investment Advisors grew its position in VanEck Intermediate Muni ETF by 5.0% during the 1st quarter. World Investment Advisors now owns 11,844 shares of the company’s stock worth $550,000 after purchasing an additional 559 shares in the last quarter.

VanEck Intermediate Muni ETF Price Performance

Shares of ITM traded up $0.16 during trading hours on Tuesday, reaching $44.42. The company’s stock had a trading volume of 562,525 shares, compared to its average volume of 401,830. VanEck Intermediate Muni ETF has a 1-year low of $43.58 and a 1-year high of $48.02. The company has a 50 day moving average of $45.17 and a two-hundred day moving average of $46.13.

VanEck Intermediate Muni ETF Company 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.