Northwestern Mutual Wealth Management Co. cut its position in VanEck Intermediate Muni ETF (BATS:ITM – Free Report) by 23.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,471,917 shares of the company’s stock after selling 758,511 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 5.74% of VanEck Intermediate Muni ETF worth $112,497,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Keystone Global Partners LLC acquired a new position in VanEck Intermediate Muni ETF in the 1st quarter valued at $47,000. AlphaCore Capital LLC acquired a new position in VanEck Intermediate Muni ETF in the 1st quarter valued at $48,000. CoreCap Advisors LLC acquired a new position in VanEck Intermediate Muni ETF in the 4th quarter valued at $52,000. Robertson Stephens Wealth Management LLC acquired a new position in VanEck Intermediate Muni ETF in the 1st quarter valued at $203,000. Finally, JFS Wealth Advisors LLC grew its stake in VanEck Intermediate Muni ETF by 10,390.0% in the 1st quarter. JFS Wealth Advisors LLC now owns 5,245 shares of the company’s stock valued at $239,000 after buying an additional 5,195 shares during the last quarter.
VanEck Intermediate Muni ETF Trading Up 0.2%
BATS:ITM opened at $45.6630 on Friday. VanEck Intermediate Muni ETF has a 1 year low of $43.42 and a 1 year high of $47.01. The firm’s fifty day simple moving average is $45.42 and its 200 day simple moving average is $45.45.
VanEck Intermediate Muni ETF Company 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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