Midwest Trust Co Takes $1.78 Million Position in VanEck Intermediate Muni ETF $ITM

Midwest Trust Co bought a new stake in shares of VanEck Intermediate Muni ETF (BATS:ITM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 39,100 shares of the company’s stock, valued at approximately $1,778,000. Midwest Trust Co owned approximately 0.10% of VanEck Intermediate Muni ETF at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ITM. Jane Street Group LLC acquired a new position in VanEck Intermediate Muni ETF in the first quarter valued at approximately $59,063,000. Mather Group LLC. grew its position in shares of VanEck Intermediate Muni ETF by 49.7% during the 2nd quarter. Mather Group LLC. now owns 447,121 shares of the company’s stock worth $20,331,000 after buying an additional 148,426 shares during the period. Simon Quick Advisors LLC bought a new stake in shares of VanEck Intermediate Muni ETF in the 2nd quarter valued at $4,996,000. Axxcess Wealth Management LLC lifted its position in shares of VanEck Intermediate Muni ETF by 1,608.4% during the 2nd quarter. Axxcess Wealth Management LLC now owns 79,696 shares of the company’s stock valued at $3,624,000 after acquiring an additional 75,031 shares during the period. Finally, J.Safra Asset Management Corp acquired a new position in shares of VanEck Intermediate Muni ETF during the 2nd quarter valued at $2,197,000.

VanEck Intermediate Muni ETF Price Performance

Shares of BATS ITM opened at $47.01 on Tuesday. The company’s fifty day simple moving average is $46.69 and its 200 day simple moving average is $45.81. VanEck Intermediate Muni ETF has a 12-month low of $43.42 and a 12-month high of $47.01.

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.