Advisors Preferred LLC bought a new stake in VanEck Intermediate Muni ETF (BATS:ITM – Free Report) during the first quarter, HoldingsChannel reports. The fund bought 108,254 shares of the company’s stock, valued at approximately $5,026,000.
A number of other large investors have also added to or reduced their stakes in ITM. Bank of America Corp DE lifted its stake in VanEck Intermediate Muni ETF by 5.8% during the third quarter. Bank of America Corp DE now owns 15,865,319 shares of the company’s stock worth $739,324,000 after purchasing an additional 869,902 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of VanEck Intermediate Muni ETF by 10.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,239,352 shares of the company’s stock valued at $199,928,000 after purchasing an additional 394,734 shares during the last quarter. M&T Bank Corp bought a new position in shares of VanEck Intermediate Muni ETF during the 4th quarter valued at about $112,631,000. LPL Financial LLC raised its holdings in shares of VanEck Intermediate Muni ETF by 2.4% during the 4th quarter. LPL Financial LLC now owns 2,133,566 shares of the company’s stock valued at $100,619,000 after buying an additional 50,368 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of VanEck Intermediate Muni ETF by 46.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,281,231 shares of the company’s stock valued at $59,715,000 after buying an additional 403,482 shares in the last quarter.
VanEck Intermediate Muni ETF Stock Performance
BATS:ITM opened at $46.66 on Wednesday. The business has a 50 day moving average of $46.77 and a 200 day moving average of $47.02. VanEck Intermediate Muni ETF has a 1-year low of $45.13 and a 1-year high of $48.02.
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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