VanEck Intermediate Muni ETF (BATS:ITM) Sets New 12-Month Low – Here’s What Happened

VanEck Intermediate Muni ETF (BATS:ITM)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $45.30 and last traded at $45.3150, with a volume of 31326 shares changing hands. The stock had previously closed at $45.33.

VanEck Intermediate Muni ETF Stock Performance

The stock’s 50-day simple moving average is $46.09 and its 200 day simple moving average is $46.61.

Institutional Investors Weigh In On VanEck Intermediate Muni ETF

Hedge funds have recently modified their holdings of the stock. Blair William & Co. IL grew its holdings in VanEck Intermediate Muni ETF by 163.5% during the 3rd quarter. Blair William & Co. IL now owns 527 shares of the company’s stock worth $25,000 after acquiring an additional 327 shares in the last quarter. Blue Trust Inc. boosted its position in shares of VanEck Intermediate Muni ETF by 96.0% during the 1st quarter. Blue Trust Inc. now owns 633 shares of the company’s stock valued at $29,000 after purchasing an additional 310 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of VanEck Intermediate Muni ETF in the fourth quarter valued at $34,000. Compass Financial Management LLC bought a new stake in shares of VanEck Intermediate Muni ETF during the 2nd quarter worth $53,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of VanEck Intermediate Muni ETF during the second quarter worth $67,000.

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.