Citadel Advisors LLC Sells 100,823 Shares of VanEck Intermediate Muni ETF $ITM

Citadel Advisors LLC cut its position in VanEck Intermediate Muni ETF (BATS:ITM) by 86.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 15,585 shares of the company’s stock after selling 100,823 shares during the quarter. Citadel Advisors LLC’s holdings in VanEck Intermediate Muni ETF were worth $732,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brandywine Oak Private Wealth LLC raised its stake in shares of VanEck Intermediate Muni ETF by 11.7% in the first quarter. Brandywine Oak Private Wealth LLC now owns 103,145 shares of the company’s stock valued at $4,789,000 after acquiring an additional 10,794 shares during the last quarter. TIAA Trust National Association boosted its holdings in shares of VanEck Intermediate Muni ETF by 70.9% in the 4th quarter. TIAA Trust National Association now owns 862,097 shares of the company’s stock worth $40,656,000 after acquiring an additional 357,608 shares in the last quarter. PNC Financial Services Group Inc. grew its position in VanEck Intermediate Muni ETF by 1,089,300.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 21,788 shares of the company’s stock worth $1,028,000 after acquiring an additional 21,786 shares during the last quarter. Royal Bank of Canada grew its position in VanEck Intermediate Muni ETF by 41.0% during the 1st quarter. Royal Bank of Canada now owns 140,842 shares of the company’s stock worth $6,539,000 after acquiring an additional 40,948 shares during the last quarter. Finally, LCW Services LLC acquired a new stake in VanEck Intermediate Muni ETF during the 4th quarter valued at $1,573,000.

VanEck Intermediate Muni ETF Trading Up 0.3%

Shares of ITM opened at $44.96 on Friday. The stock has a fifty day moving average price of $46.01 and a two-hundred day moving average price of $46.57. VanEck Intermediate Muni ETF has a 52-week low of $44.77 and a 52-week high of $48.02.

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.