VanEck Intermediate Muni ETF $ITM Stock: Claro Advisors Inc. Increases Stake

Claro Advisors Inc. increased its position in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 270.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,043 shares of the company’s stock after purchasing an additional 20,469 shares during the period. Claro Advisors Inc. owned about 0.07% of VanEck Intermediate Muni ETF worth $1,234,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Gutierrez Wealth Advisory LLC lifted its position in VanEck Intermediate Muni ETF by 28.1% in the third quarter. Gutierrez Wealth Advisory LLC now owns 17,625 shares of the company’s stock worth $775,000 after purchasing an additional 3,871 shares during the period. Commonwealth Equity Services LLC bought a new stake in VanEck Intermediate Muni ETF in the 3rd quarter valued at $305,000. XML Financial LLC raised its stake in shares of VanEck Intermediate Muni ETF by 2.2% in the 3rd quarter. XML Financial LLC now owns 32,472 shares of the company’s stock valued at $1,429,000 after buying an additional 713 shares in the last quarter. TSG Advice Partners LLC acquired a new position in shares of VanEck Intermediate Muni ETF in the 3rd quarter valued at $757,000. Finally, Vise Technologies Inc. lifted its holdings in shares of VanEck Intermediate Muni ETF by 194.7% during the 3rd quarter. Vise Technologies Inc. now owns 163,834 shares of the company’s stock worth $7,209,000 after acquiring an additional 108,236 shares during the period.

VanEck Intermediate Muni ETF Price Performance

Shares of BATS:ITM traded up $0.12 during midday trading on Friday, reaching $46.06. 741,708 shares of the company’s stock were exchanged, compared to its average volume of 441,291. VanEck Intermediate Muni ETF has a 12 month low of $43.58 and a 12 month high of $48.02. The company’s 50 day simple moving average is $44.90 and its two-hundred day simple moving average is $46.32.

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.