Parkside Financial Bank & Trust Sells 17,266 Shares of VanEck Intermediate Muni ETF $ITM

Parkside Financial Bank & Trust trimmed its position in VanEck Intermediate Muni ETF (BATS:ITM) by 24.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 54,503 shares of the company’s stock after selling 17,266 shares during the period. Parkside Financial Bank & Trust’s holdings in VanEck Intermediate Muni ETF were worth $2,478,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ITM. Mattson Financial Services LLC bought a new stake in VanEck Intermediate Muni ETF in the first quarter worth about $32,000. Keystone Global Partners LLC bought a new stake in shares of VanEck Intermediate Muni ETF during the 1st quarter valued at $47,000. AlphaCore Capital LLC purchased a new stake in shares of VanEck Intermediate Muni ETF in the first quarter worth about $48,000. Ameritas Advisory Services LLC purchased a new stake in VanEck Intermediate Muni ETF in the 2nd quarter worth approximately $54,000. Finally, First Horizon Advisors Inc. lifted its stake in VanEck Intermediate Muni ETF by 9.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 5,242 shares of the company’s stock worth $238,000 after purchasing an additional 445 shares in the last quarter.

VanEck Intermediate Muni ETF Stock Performance

ITM opened at $47.01 on Friday. The company has a fifty day moving average price of $46.67 and a 200-day moving average price of $45.78. VanEck Intermediate Muni ETF has a one year low of $43.42 and a one year high of $47.01.

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.