Gradient Investments LLC Trims Stake in VanEck Intermediate Muni ETF (BATS:ITM)

Gradient Investments LLC trimmed its position in VanEck Intermediate Muni ETF (BATS:ITM) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,521 shares of the company’s stock after selling 818 shares during the period. Gradient Investments LLC’s holdings in VanEck Intermediate Muni ETF were worth $393,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. CX Institutional grew its stake in VanEck Intermediate Muni ETF by 2.1% in the 3rd quarter. CX Institutional now owns 680,228 shares of the company’s stock worth $31,937,000 after acquiring an additional 14,043 shares during the period. HighTower Advisors LLC grew its position in shares of VanEck Intermediate Muni ETF by 1.8% in the third quarter. HighTower Advisors LLC now owns 64,133 shares of the company’s stock valued at $3,010,000 after purchasing an additional 1,150 shares during the period. Cetera Investment Advisers grew its position in shares of VanEck Intermediate Muni ETF by 20.9% in the second quarter. Cetera Investment Advisers now owns 169,545 shares of the company’s stock valued at $7,772,000 after purchasing an additional 29,309 shares during the period. Creative Planning increased its stake in VanEck Intermediate Muni ETF by 28.3% in the second quarter. Creative Planning now owns 18,501 shares of the company’s stock valued at $848,000 after purchasing an additional 4,079 shares during the last quarter. Finally, Financial Counselors Inc. lifted its position in VanEck Intermediate Muni ETF by 0.7% during the third quarter. Financial Counselors Inc. now owns 37,750 shares of the company’s stock worth $1,772,000 after buying an additional 253 shares during the period.

VanEck Intermediate Muni ETF Price Performance

ITM opened at $45.85 on Friday. The company has a 50 day simple moving average of $46.17 and a 200-day simple moving average of $46.34.

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.