UBS Group AG Trims Position in VanEck Intermediate Muni ETF (BATS:ITM)

UBS Group AG lessened its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM – Get Rating) by 26.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 478,148 shares of the company’s stock after selling 176,325 shares during the quarter. UBS Group AG’s holdings in VanEck Intermediate Muni ETF were worth $21,808,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Dubuque Bank & Trust Co. boosted its position in shares of VanEck Intermediate Muni ETF by 37.5% during the 4th quarter. Dubuque Bank & Trust Co. now owns 880,623 shares of the company’s stock valued at $40,166,000 after acquiring an additional 240,329 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in VanEck Intermediate Muni ETF by 22.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 677,130 shares of the company’s stock worth $31,595,000 after buying an additional 125,648 shares during the last quarter. CX Institutional lifted its position in VanEck Intermediate Muni ETF by 163.5% in the 4th quarter. CX Institutional now owns 612,275 shares of the company’s stock worth $27,926,000 after buying an additional 379,937 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in VanEck Intermediate Muni ETF by 31.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 525,799 shares of the company’s stock worth $23,982,000 after buying an additional 126,800 shares during the last quarter. Finally, CWM LLC lifted its position in VanEck Intermediate Muni ETF by 24.1% in the 4th quarter. CWM LLC now owns 333,971 shares of the company’s stock worth $15,232,000 after buying an additional 64,919 shares during the last quarter.

VanEck Intermediate Muni ETF Price Performance

BATS:ITM opened at $45.85 on Friday. The stock has a fifty day moving average of $46.29.

VanEck Intermediate Muni ETF Company Profile

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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.