Mather Group LLC. Acquires New Stake in VanEck Intermediate Muni ETF $ITM

Mather Group LLC. acquired a new position in shares of VanEck Intermediate Muni ETF (BATS:ITM) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 490,078 shares of the company’s stock, valued at approximately $21,563,000. Mather Group LLC. owned 1.19% of VanEck Intermediate Muni ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in shares of VanEck Intermediate Muni ETF by 0.7% in the first quarter. Bank of America Corp DE now owns 16,468,733 shares of the company’s stock valued at $764,643,000 after purchasing an additional 121,958 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of VanEck Intermediate Muni ETF by 24.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,356,868 shares of the company’s stock worth $63,759,000 after purchasing an additional 268,374 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in shares of VanEck Intermediate Muni ETF during the third quarter worth approximately $47,550,000. CX Institutional lifted its holdings in shares of VanEck Intermediate Muni ETF by 7.4% during the third quarter. CX Institutional now owns 572,494 shares of the company’s stock worth $25,190,000 after purchasing an additional 39,346 shares during the period. Finally, Fragasso Financial Advisors Inc lifted its holdings in shares of VanEck Intermediate Muni ETF by 3,371.1% during the third quarter. Fragasso Financial Advisors Inc now owns 210,278 shares of the company’s stock worth $9,297,000 after purchasing an additional 204,220 shares during the period.

VanEck Intermediate Muni ETF Trading Down 0.1%

BATS:ITM opened at $44.45 on Thursday. The firm’s fifty day moving average price is $45.11 and its 200 day moving average price is $46.11. VanEck Intermediate Muni ETF has a 1-year low of $43.58 and a 1-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.