164,492 Shares in VanEck Intermediate Muni ETF $ITM Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new position in shares of VanEck Intermediate Muni ETF (BATS:ITM) in the third quarter, HoldingsChannel.com reports. The firm acquired 164,492 shares of the company’s stock, valued at approximately $7,238,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brandywine Oak Private Wealth LLC raised its position in shares of VanEck Intermediate Muni ETF by 11.9% in the third quarter. Brandywine Oak Private Wealth LLC now owns 110,505 shares of the company’s stock valued at $4,862,000 after purchasing an additional 11,712 shares during the period. ONE Advisory Partners LLC boosted its holdings in shares of VanEck Intermediate Muni ETF by 133.2% during the 3rd quarter. ONE Advisory Partners LLC now owns 31,499 shares of the company’s stock worth $1,386,000 after buying an additional 17,990 shares during the period. Axxcess Wealth Management LLC grew its stake in VanEck Intermediate Muni ETF by 4.1% in the 3rd quarter. Axxcess Wealth Management LLC now owns 103,529 shares of the company’s stock valued at $4,555,000 after buying an additional 4,110 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new position in VanEck Intermediate Muni ETF in the 3rd quarter valued at about $730,000. Finally, CFS Investment Advisory Services LLC grew its stake in VanEck Intermediate Muni ETF by 29.1% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 13,566 shares of the company’s stock valued at $599,000 after buying an additional 3,056 shares during the last quarter.

VanEck Intermediate Muni ETF Price Performance

VanEck Intermediate Muni ETF stock opened at $45.57 on Thursday. VanEck Intermediate Muni ETF has a twelve month low of $43.58 and a twelve month high of $48.02. The company’s 50-day moving average price is $44.93 and its two-hundred day moving average price is $46.38.

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.