Stokes Family Office LLC Lowers Stake in VanEck Intermediate Muni ETF $ITM

Stokes Family Office LLC cut its stake in VanEck Intermediate Muni ETF (BATS:ITM) by 23.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,361 shares of the company’s stock after selling 2,860 shares during the period. Stokes Family Office LLC’s holdings in VanEck Intermediate Muni ETF were worth $426,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in VanEck Intermediate Muni ETF during the 1st quarter valued at about $59,063,000. Mather Group LLC. grew its holdings in shares of VanEck Intermediate Muni ETF by 49.7% in the second quarter. Mather Group LLC. now owns 447,121 shares of the company’s stock worth $20,331,000 after purchasing an additional 148,426 shares during the last quarter. Simon Quick Advisors LLC bought a new position in shares of VanEck Intermediate Muni ETF in the second quarter worth approximately $4,996,000. Axxcess Wealth Management LLC increased its stake in shares of VanEck Intermediate Muni ETF by 1,608.4% in the second quarter. Axxcess Wealth Management LLC now owns 79,696 shares of the company’s stock worth $3,624,000 after buying an additional 75,031 shares during the period. Finally, J.Safra Asset Management Corp bought a new stake in VanEck Intermediate Muni ETF during the 2nd quarter valued at $2,197,000.

VanEck Intermediate Muni ETF Price Performance

Shares of ITM opened at $47.01 on Friday. VanEck Intermediate Muni ETF has a twelve month low of $43.42 and a twelve month high of $47.01. The firm has a fifty day simple moving average of $46.67 and a two-hundred day simple moving average of $45.78.

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.