CX Institutional lifted its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM – Free Report) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 738,357 shares of the company’s stock after buying an additional 58,129 shares during the quarter. VanEck Intermediate Muni ETF makes up approximately 1.4% of CX Institutional’s portfolio, making the stock its 19th biggest position. CX Institutional owned 1.88% of VanEck Intermediate Muni ETF worth $34,038,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in ITM. Farther Finance Advisors LLC boosted its holdings in VanEck Intermediate Muni ETF by 194.1% in the third quarter. Farther Finance Advisors LLC now owns 891 shares of the company’s stock valued at $42,000 after purchasing an additional 588 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of VanEck Intermediate Muni ETF in the 3rd quarter valued at $43,000. Avior Wealth Management LLC acquired a new stake in VanEck Intermediate Muni ETF during the 3rd quarter worth $48,000. Darwin Wealth Management LLC purchased a new stake in VanEck Intermediate Muni ETF in the third quarter valued at $53,000. Finally, Park Place Capital Corp acquired a new position in VanEck Intermediate Muni ETF in the fourth quarter valued at $68,000.
VanEck Intermediate Muni ETF Stock Performance
Shares of ITM stock opened at $45.80 on Friday. The business’s 50-day moving average price is $46.19 and its 200-day moving average price is $46.35.
About VanEck Intermediate Muni ETF
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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