Shares of VanEck Intermediate Muni ETF (BATS:ITM – Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as $45.30 and last traded at $45.3150, with a volume of 31326 shares traded. The stock had previously closed at $45.33.
VanEck Intermediate Muni ETF Stock Performance
The firm has a fifty day simple moving average of $46.16 and a two-hundred day simple moving average of $46.64.
Hedge Funds Weigh In On VanEck Intermediate Muni ETF
Several institutional investors have recently bought and sold shares of the business. Blair William & Co. IL lifted its holdings in shares of VanEck Intermediate Muni ETF by 39.8% in the 4th quarter. Blair William & Co. IL now owns 737 shares of the company’s stock valued at $35,000 after acquiring an additional 210 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in VanEck Intermediate Muni ETF by 2.9% during the second quarter. Concurrent Investment Advisors LLC now owns 9,583 shares of the company’s stock valued at $450,000 after purchasing an additional 267 shares during the period. Blue Trust Inc. raised its position in VanEck Intermediate Muni ETF by 96.0% during the first quarter. Blue Trust Inc. now owns 633 shares of the company’s stock valued at $29,000 after purchasing an additional 310 shares during the period. Midwest Trust Co lifted its stake in shares of VanEck Intermediate Muni ETF by 1.2% in the 4th quarter. Midwest Trust Co now owns 36,964 shares of the company’s stock valued at $1,743,000 after purchasing an additional 432 shares during the last quarter. Finally, Gradient Investments LLC lifted its stake in shares of VanEck Intermediate Muni ETF by 3.5% in the 2nd quarter. Gradient Investments LLC now owns 13,916 shares of the company’s stock valued at $654,000 after purchasing an additional 472 shares during the last quarter.
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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