Magnus Financial Group LLC reduced its position in shares of VanEck Intermediate Muni ETF (BATS:ITM – Free Report) by 16.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,189 shares of the company’s stock after selling 1,770 shares during the period. Magnus Financial Group LLC’s holdings in VanEck Intermediate Muni ETF were worth $418,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Mattson Financial Services LLC acquired a new stake in shares of VanEck Intermediate Muni ETF during the 1st quarter worth approximately $32,000. Keystone Global Partners LLC acquired a new stake in VanEck Intermediate Muni ETF during the first quarter worth $47,000. AlphaCore Capital LLC acquired a new stake in VanEck Intermediate Muni ETF during the first quarter worth $48,000. Robertson Stephens Wealth Management LLC purchased a new stake in VanEck Intermediate Muni ETF in the first quarter valued at $203,000. Finally, JFS Wealth Advisors LLC lifted its stake in shares of VanEck Intermediate Muni ETF by 10,390.0% in the 1st quarter. JFS Wealth Advisors LLC now owns 5,245 shares of the company’s stock valued at $239,000 after purchasing an additional 5,195 shares during the last quarter.
VanEck Intermediate Muni ETF Stock Up 2.1%
BATS ITM opened at $46.53 on Friday. VanEck Intermediate Muni ETF has a 12 month low of $43.42 and a 12 month high of $47.01. The firm’s 50-day moving average is $45.82 and its two-hundred day moving average is $45.43.
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.
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