Renaissance Technologies LLC Has $831,000 Position in VanEck Intermediate Muni ETF $ITM

Renaissance Technologies LLC lowered its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 46.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,900 shares of the company’s stock after selling 15,300 shares during the quarter. Renaissance Technologies LLC’s holdings in VanEck Intermediate Muni ETF were worth $831,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ITM. Northwestern Mutual Wealth Management Co. lifted its stake in shares of VanEck Intermediate Muni ETF by 10.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,239,352 shares of the company’s stock worth $199,928,000 after buying an additional 394,734 shares during the last quarter. M&T Bank Corp acquired a new position in VanEck Intermediate Muni ETF in the 4th quarter valued at $112,631,000. LPL Financial LLC raised its holdings in VanEck Intermediate Muni ETF by 2.4% in the 4th quarter. LPL Financial LLC now owns 2,133,566 shares of the company’s stock worth $100,619,000 after acquiring an additional 50,368 shares during the period. Ameriprise Financial Inc. raised its holdings in VanEck Intermediate Muni ETF by 46.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,281,231 shares of the company’s stock worth $59,715,000 after acquiring an additional 403,482 shares during the period. Finally, UMB Bank n.a. acquired a new position in VanEck Intermediate Muni ETF during the 4th quarter worth $48,294,000.

VanEck Intermediate Muni ETF Price Performance

VanEck Intermediate Muni ETF stock opened at $46.18 on Friday. VanEck Intermediate Muni ETF has a fifty-two week low of $45.45 and a fifty-two week high of $48.02. The firm has a fifty day moving average price of $46.53 and a two-hundred day moving average price of $46.84.

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.