VanEck Intermediate Muni ETF (BATS:ITM) Shares Sold by Kwmg LLC

Kwmg LLC lowered its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM – Get Rating) by 15.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,948 shares of the company’s stock after selling 2,686 shares during the period. Kwmg LLC’s holdings in VanEck Intermediate Muni ETF were worth $682,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ITM. Elequin Capital LP acquired a new position in VanEck Intermediate Muni ETF during the third quarter worth $261,000. B. Riley Wealth Advisors Inc. acquired a new position in VanEck Intermediate Muni ETF during the third quarter worth $351,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in VanEck Intermediate Muni ETF by 22.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 51,685 shares of the company’s stock worth $2,357,000 after buying an additional 9,385 shares during the last quarter.

VanEck Intermediate Muni ETF Stock Performance

BATS ITM opened at $46.21 on Friday. The stock has a fifty day simple moving average of $46.10.

VanEck Intermediate Muni ETF Company Profile

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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.