Northwestern Mutual Wealth Management Co. boosted its holdings in VanEck Intermediate Muni ETF (BATS:ITM – Free Report) by 10.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,239,352 shares of the company’s stock after acquiring an additional 394,734 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 10.33% of VanEck Intermediate Muni ETF worth $199,928,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. Blair William & Co. IL increased its holdings in shares of VanEck Intermediate Muni ETF by 163.5% in the 3rd quarter. Blair William & Co. IL now owns 527 shares of the company’s stock worth $25,000 after buying an additional 327 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of VanEck Intermediate Muni ETF in the 4th quarter worth $34,000. AE Wealth Management LLC increased its holdings in shares of VanEck Intermediate Muni ETF by 126.3% in the 3rd quarter. AE Wealth Management LLC now owns 1,075 shares of the company’s stock worth $50,000 after buying an additional 600 shares during the last quarter. City Holding Co. bought a new position in shares of VanEck Intermediate Muni ETF in the 4th quarter worth $51,000. Finally, Founders Financial Alliance LLC bought a new position in shares of VanEck Intermediate Muni ETF in the 3rd quarter worth $60,000.
VanEck Intermediate Muni ETF Price Performance
Shares of BATS:ITM opened at $46.85 on Friday. The company’s fifty day moving average price is $46.66 and its 200-day moving average price is $47.07. VanEck Intermediate Muni ETF has a one year low of $44.89 and a one 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.
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