VanEck Vectors Intermediate Municipal ETF (NYSEARCA:ITM) Hits New 12-Month High at $51.11

VanEck Vectors Intermediate Municipal ETF (NYSEARCA:ITM)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $51.11 and last traded at $51.06, with a volume of 12670 shares trading hands. The stock had previously closed at $51.00.

The firm’s 50-day simple moving average is $50.22 and its 200-day simple moving average is $49.15.

A number of institutional investors have recently made changes to their positions in ITM. Farmers & Merchants Investments Inc. purchased a new position in shares of VanEck Vectors Intermediate Municipal ETF during the first quarter worth approximately $55,000. Atria Investments LLC purchased a new position in shares of VanEck Vectors Intermediate Municipal ETF during the second quarter worth approximately $320,000. Creative Financial Designs Inc. ADV raised its stake in shares of VanEck Vectors Intermediate Municipal ETF by 108.8% during the second quarter. Creative Financial Designs Inc. ADV now owns 1,963 shares of the company’s stock worth $98,000 after acquiring an additional 1,023 shares in the last quarter. Westside Investment Management Inc. purchased a new position in shares of VanEck Vectors Intermediate Municipal ETF during the second quarter worth approximately $121,000. Finally, LifePlan Financial Group Inc raised its stake in shares of VanEck Vectors Intermediate Municipal ETF by 19.5% during the second quarter. LifePlan Financial Group Inc now owns 3,007 shares of the company’s stock worth $150,000 after acquiring an additional 490 shares in the last quarter.

About VanEck Vectors Intermediate Municipal ETF (NYSEARCA:ITM)

Market Vectors Intermediate Municipal Index ETF (the Fund) seeks to replicate the price and yield performance of the Barclays Capital AMT-Free Intermediate Continuous Municipal Index (the Index). The Index provides broad exposure to investment-grade municipal bonds with a nominal maturity of 6 to 16 years.

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