VanEck Intermediate Muni ETF $ITM Stock Sold by FOCUS Wealth Advisors LLC

FOCUS Wealth Advisors LLC decreased its holdings in VanEck Intermediate Muni ETF (BATS:ITM) by 9.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 167,761 shares of the company’s stock after selling 16,596 shares during the period. VanEck Intermediate Muni ETF makes up approximately 3.6% of FOCUS Wealth Advisors LLC’s investment portfolio, making the stock its 6th largest position. FOCUS Wealth Advisors LLC owned about 0.41% of VanEck Intermediate Muni ETF worth $7,381,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Forvis Mazars Wealth Advisors LLC purchased a new stake in shares of VanEck Intermediate Muni ETF in the third quarter valued at approximately $226,000. Fragasso Financial Advisors Inc increased its holdings in shares of VanEck Intermediate Muni ETF by 3,371.1% in the third quarter. Fragasso Financial Advisors Inc now owns 210,278 shares of the company’s stock valued at $9,297,000 after purchasing an additional 204,220 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of VanEck Intermediate Muni ETF in the third quarter valued at approximately $165,000. Apella Capital LLC acquired a new stake in shares of VanEck Intermediate Muni ETF in the third quarter valued at approximately $397,000. Finally, Gradient Investments LLC purchased a new position in VanEck Intermediate Muni ETF during the third quarter worth approximately $454,000.

VanEck Intermediate Muni ETF Stock Performance

VanEck Intermediate Muni ETF stock traded down $0.03 during trading on Wednesday, reaching $44.45. 803,249 shares of the company were exchanged, compared to its average volume of 408,505. The stock’s 50 day simple moving average is $45.14 and its two-hundred day simple moving average is $46.12. VanEck Intermediate Muni ETF has a 52-week low of $43.58 and a 52-week high of $48.02.

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.