Avidian Wealth Enterprises LLC Sells 87,865 Shares of VanEck Intermediate Muni ETF $ITM

Avidian Wealth Enterprises LLC lessened its position in VanEck Intermediate Muni ETF (BATS:ITM) by 23.0% in the third quarter, Holdings Channel.com reports. The firm owned 294,244 shares of the company’s stock after selling 87,865 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in VanEck Intermediate Muni ETF were worth $12,947,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. CX Institutional raised its holdings in VanEck Intermediate Muni ETF by 7.4% in the 3rd quarter. CX Institutional now owns 572,494 shares of the company’s stock valued at $25,190,000 after buying an additional 39,346 shares during the last quarter. Confluence Investment Management LLC acquired a new position in shares of VanEck Intermediate Muni ETF during the third quarter worth $589,000. Envestnet Asset Management Inc. grew its stake in shares of VanEck Intermediate Muni ETF by 24.7% in 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. Parkside Financial Bank & Trust grew its stake in shares of VanEck Intermediate Muni ETF by 5.3% in the second quarter. Parkside Financial Bank & Trust now owns 70,293 shares of the company’s stock worth $3,303,000 after purchasing an additional 3,533 shares during the last quarter. Finally, Hyundai Investments Co. Ltd. increased its holdings in VanEck Intermediate Muni ETF by 66.7% in the second quarter. Hyundai Investments Co. Ltd. now owns 13,864 shares of the company’s stock valued at $652,000 after purchasing an additional 5,549 shares during the period.

VanEck Intermediate Muni ETF Stock Down 0.0%

BATS:ITM traded down $0.01 during trading hours on Thursday, hitting $43.95. 479,140 shares of the company were exchanged, compared to its average volume of 382,209. VanEck Intermediate Muni ETF has a one year low of $43.58 and a one year high of $48.02. The company has a fifty day simple moving average of $45.28 and a 200 day simple moving average of $46.18.

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.