HighTower Advisors LLC raised its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM – Free Report) by 468.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 364,622 shares of the company’s stock after purchasing an additional 300,489 shares during the quarter. HighTower Advisors LLC’s holdings in VanEck Intermediate Muni ETF were worth $16,809,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. Oppenheimer & Co. Inc. grew its position in shares of VanEck Intermediate Muni ETF by 0.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 28,065 shares of the company’s stock worth $1,294,000 after buying an additional 232 shares during the period. Financial Counselors Inc. grew its position in shares of VanEck Intermediate Muni ETF by 0.7% during the 3rd quarter. Financial Counselors Inc. now owns 37,750 shares of the company’s stock worth $1,772,000 after buying an additional 253 shares during the period. Sargent Investment Group LLC grew its position in shares of VanEck Intermediate Muni ETF by 4.0% during the 4th quarter. Sargent Investment Group LLC now owns 6,691 shares of the company’s stock worth $306,000 after buying an additional 259 shares during the period. Atria Wealth Solutions Inc. grew its position in shares of VanEck Intermediate Muni ETF by 6.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,563 shares of the company’s stock worth $210,000 after buying an additional 296 shares during the period. Finally, Choreo LLC grew its position in shares of VanEck Intermediate Muni ETF by 2.0% during the 4th quarter. Choreo LLC now owns 16,541 shares of the company’s stock worth $764,000 after buying an additional 321 shares during the period.
VanEck Intermediate Muni ETF Stock Performance
VanEck Intermediate Muni ETF stock opened at $45.80 on Friday. VanEck Intermediate Muni ETF has a 1 year low of $45.28 and a 1 year high of $47.01. The business has a 50-day moving average of $46.10 and a 200-day moving average of $46.31.
VanEck Intermediate Muni ETF Cuts Dividend
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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