VanEck Intermediate Muni ETF (BATS:ITM) Sets New 1-Year Low – Here’s What Happened

VanEck Intermediate Muni ETF (BATS:ITM)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $45.45 and last traded at $45.45, with a volume of 38010 shares changing hands. The stock had previously closed at $45.74.

VanEck Intermediate Muni ETF Trading Down 0.8%

The firm’s fifty day moving average is $46.32 and its 200 day moving average is $46.72.

Institutional Trading of VanEck Intermediate Muni ETF

A number of institutional investors have recently bought and sold shares of ITM. Blair William & Co. IL increased its position in VanEck Intermediate Muni ETF by 39.8% in the 4th quarter. Blair William & Co. IL now owns 737 shares of the company’s stock worth $35,000 after purchasing an additional 210 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in VanEck Intermediate Muni ETF by 2.9% during the second quarter. Concurrent Investment Advisors LLC now owns 9,583 shares of the company’s stock valued at $450,000 after acquiring an additional 267 shares in the last quarter. Blue Trust Inc. lifted its stake in VanEck Intermediate Muni ETF by 96.0% in the first quarter. Blue Trust Inc. now owns 633 shares of the company’s stock valued at $29,000 after acquiring an additional 310 shares during the last quarter. Midwest Trust Co grew its position in VanEck Intermediate Muni ETF by 1.2% in the fourth quarter. Midwest Trust Co now owns 36,964 shares of the company’s stock worth $1,743,000 after acquiring an additional 432 shares in the last quarter. Finally, 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 acquiring an additional 472 shares in the last quarter.

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.