VanEck Intermediate Muni ETF $ITM Shares Newly Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new position in shares of VanEck Intermediate Muni ETF (BATS:ITM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 164,492 shares of the company’s stock, valued at approximately $7,238,000. Park Avenue Securities LLC owned about 0.40% of VanEck Intermediate Muni ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cliftonlarsonallen Wealth Advisors LLC bought a new position in shares of VanEck Intermediate Muni ETF in the 3rd quarter valued at about $47,550,000. Mather Group LLC. bought a new stake in shares of VanEck Intermediate Muni ETF during the third quarter worth approximately $21,563,000. Envestnet Asset Management Inc. raised its stake in shares of VanEck Intermediate Muni ETF by 24.7% during the second 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. Fragasso Financial Advisors Inc lifted its holdings in VanEck Intermediate Muni ETF by 3,371.1% in the third quarter. Fragasso Financial Advisors Inc now owns 210,278 shares of the company’s stock valued at $9,297,000 after buying an additional 204,220 shares during the period. Finally, Bank of America Corp DE lifted its holdings in VanEck Intermediate Muni ETF by 0.7% in the first quarter. Bank of America Corp DE now owns 16,468,733 shares of the company’s stock valued at $764,643,000 after buying an additional 121,958 shares during the period.

VanEck Intermediate Muni ETF Stock Down 0.2%

Shares of ITM stock opened at $45.57 on Thursday. VanEck Intermediate Muni ETF has a 52-week low of $43.58 and a 52-week high of $48.02. The firm’s 50 day moving average price is $44.93 and its two-hundred day moving average price is $46.38.

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.