Prime Capital Investment Advisors LLC Purchases 16,584 Shares of VanEck Intermediate Muni ETF $ITM

Prime Capital Investment Advisors LLC acquired a new stake in VanEck Intermediate Muni ETF (BATS:ITM) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 16,584 shares of the company’s stock, valued at approximately $730,000.

A number of other large investors have also made changes to their positions in the company. Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in VanEck Intermediate Muni ETF during the 3rd quarter worth $47,550,000. Mather Group LLC. acquired a new position in VanEck Intermediate Muni ETF in the third quarter valued at about $21,563,000. Envestnet Asset Management Inc. grew its stake in VanEck Intermediate Muni ETF by 24.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,356,868 shares of the company’s stock valued at $63,759,000 after acquiring an additional 268,374 shares during the period. Fragasso Financial Advisors Inc increased its holdings in shares of VanEck Intermediate Muni ETF by 3,371.1% in the third quarter. Fragasso Financial Advisors Inc now owns 210,278 shares of the company’s stock worth $9,297,000 after acquiring an additional 204,220 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of VanEck Intermediate Muni ETF by 0.7% in the first quarter. Bank of America Corp DE now owns 16,468,733 shares of the company’s stock worth $764,643,000 after acquiring an additional 121,958 shares in the last quarter.

VanEck Intermediate Muni ETF Stock Performance

ITM stock traded up $0.16 during mid-day trading on Friday, hitting $45.43. 558,546 shares of the company were exchanged, compared to its average volume of 426,393. The firm’s 50 day simple moving average is $44.94 and its 200 day simple moving average is $46.04. VanEck Intermediate Muni ETF has a 1-year low of $43.58 and a 1-year high of $48.02.

VanEck Intermediate Muni ETF Company 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.