Mather Group LLC. acquired a new stake in VanEck Intermediate Muni ETF (BATS:ITM – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 490,078 shares of the company’s stock, valued at approximately $21,563,000.
A number of other institutional investors also recently added to or reduced their stakes in ITM. Cliftonlarsonallen Wealth Advisors LLC acquired a new position in VanEck Intermediate Muni ETF during the 3rd quarter worth approximately $47,550,000. Envestnet Asset Management Inc. increased its position in VanEck Intermediate Muni ETF by 24.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,356,868 shares of the company’s stock worth $63,759,000 after purchasing an additional 268,374 shares during the period. Fragasso Financial Advisors Inc raised its stake in shares of VanEck Intermediate Muni ETF by 3,371.1% during the 3rd quarter. Fragasso Financial Advisors Inc now owns 210,278 shares of the company’s stock worth $9,297,000 after buying an additional 204,220 shares in the last quarter. Bank of America Corp DE raised its stake in shares of VanEck Intermediate Muni ETF by 0.7% during the 1st quarter. Bank of America Corp DE now owns 16,468,733 shares of the company’s stock worth $764,643,000 after buying an additional 121,958 shares in the last quarter. Finally, Advisors Preferred LLC purchased a new position in shares of VanEck Intermediate Muni ETF during the 1st quarter worth approximately $5,026,000.
VanEck Intermediate Muni ETF Price Performance
ITM opened at $44.45 on Thursday. The business has a 50 day simple moving average of $45.11 and a 200-day simple moving average of $46.11. VanEck Intermediate Muni ETF has a 12 month low of $43.58 and a 12 month 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.
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