Avidian Wealth Enterprises LLC lessened its position in shares of VanEck Intermediate Muni ETF (BATS:ITM – Free Report) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 318,001 shares of the company’s stock after selling 3,957 shares during the quarter. Avidian Wealth Enterprises LLC owned approximately 0.77% of VanEck Intermediate Muni ETF worth $14,459,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mattson Financial Services LLC acquired a new stake in VanEck Intermediate Muni ETF during the first quarter valued at $32,000. Keystone Global Partners LLC acquired a new stake in VanEck Intermediate Muni ETF during the first quarter valued at $47,000. AlphaCore Capital LLC acquired a new stake in VanEck Intermediate Muni ETF during the first quarter valued at $48,000. Ameritas Advisory Services LLC acquired a new stake in VanEck Intermediate Muni ETF during the second quarter valued at $54,000. Finally, JFS Wealth Advisors LLC grew its position in VanEck Intermediate Muni ETF by 10,390.0% during the first 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 period.
VanEck Intermediate Muni ETF Trading Up 3.3%
Shares of BATS ITM opened at $47.08 on Tuesday. The company’s 50-day simple moving average is $46.26 and its 200-day simple moving average is $45.55. VanEck Intermediate Muni ETF has a 52-week low of $43.42 and a 52-week high of $47.01.
VanEck Intermediate Muni ETF 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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