HighTower Advisors LLC Trims Stock Holdings in VanEck Intermediate Muni ETF $ITM

HighTower Advisors LLC lowered its holdings in VanEck Intermediate Muni ETF (BATS:ITM) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 326,019 shares of the company’s stock after selling 15,873 shares during the period. HighTower Advisors LLC’s holdings in VanEck Intermediate Muni ETF were worth $15,375,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Blair William & Co. IL grew its stake in VanEck Intermediate Muni ETF by 163.5% in the 3rd quarter. Blair William & Co. IL now owns 527 shares of the company’s stock valued at $25,000 after buying an additional 327 shares in the last quarter. Midwest Trust Co lifted its position in shares of VanEck Intermediate Muni ETF by 1.2% during the fourth quarter. Midwest Trust Co now owns 36,964 shares of the company’s stock worth $1,743,000 after acquiring an additional 432 shares in the last quarter. Cornerstone Wealth Management LLC boosted its holdings in shares of VanEck Intermediate Muni ETF by 0.8% in the third quarter. Cornerstone Wealth Management LLC now owns 68,515 shares of the company’s stock worth $3,193,000 after acquiring an additional 517 shares during the period. AE Wealth Management LLC boosted its holdings in shares of VanEck Intermediate Muni ETF by 126.3% in the third quarter. AE Wealth Management LLC now owns 1,075 shares of the company’s stock worth $50,000 after acquiring an additional 600 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of VanEck Intermediate Muni ETF in the fourth quarter valued at $34,000.

VanEck Intermediate Muni ETF Stock Performance

Shares of BATS ITM opened at $46.48 on Monday. VanEck Intermediate Muni ETF has a fifty-two week low of $44.89 and a fifty-two week high of $48.02. The stock has a fifty day moving average of $46.69 and a 200-day moving average of $47.08.

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.