Wealth Enhancement Advisory Services LLC Trims Stake in VanEck Intermediate Muni ETF $ITM

Wealth Enhancement Advisory Services LLC reduced its holdings in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 8.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 589,811 shares of the company’s stock after selling 53,598 shares during the period. Wealth Enhancement Advisory Services LLC owned 1.44% of VanEck Intermediate Muni ETF worth $27,485,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Ameritas Advisory Services LLC purchased a new stake in shares of VanEck Intermediate Muni ETF during the second quarter valued at approximately $54,000. YANKCOM Partnership bought a new position in shares of VanEck Intermediate Muni ETF in the 2nd quarter worth approximately $58,000. Premier Financial Group purchased a new position in shares of VanEck Intermediate Muni ETF during the 3rd quarter worth $93,000. Qube Research & Technologies Ltd lifted its position in VanEck Intermediate Muni ETF by 108.7% during the second quarter. Qube Research & Technologies Ltd now owns 2,953 shares of the company’s stock valued at $134,000 after purchasing an additional 1,538 shares in the last quarter. Finally, Baird Financial Group Inc. purchased a new stake in VanEck Intermediate Muni ETF in the 2nd quarter worth approximately $201,000.

VanEck Intermediate Muni ETF Stock Performance

ITM opened at $47.25 on Thursday. The firm’s fifty day moving average is $47.14 and its 200 day moving average is $46.51. VanEck Intermediate Muni ETF has a fifty-two week low of $43.42 and a fifty-two week high of $47.01.

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.