Wealth Enhancement Advisory Services LLC Sells 62,132 Shares of VanEck Intermediate Muni ETF (BATS:ITM)

Wealth Enhancement Advisory Services LLC cut its holdings in VanEck Intermediate Muni ETF (BATS:ITM) by 8.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 688,408 shares of the company’s stock after selling 62,132 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 1.69% of VanEck Intermediate Muni ETF worth $31,330,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MML Investors Services LLC boosted its stake in VanEck Intermediate Muni ETF by 632.9% in the fourth quarter. MML Investors Services LLC now owns 150,234 shares of the company’s stock valued at $6,926,000 after acquiring an additional 129,735 shares during the last quarter. Private Trust Co. NA boosted its position in shares of VanEck Intermediate Muni ETF by 11.5% during the fourth quarter. Private Trust Co. NA now owns 12,833 shares of the company’s stock worth $592,000 after purchasing an additional 1,320 shares in the last quarter. US Bancorp DE boosted its position in shares of VanEck Intermediate Muni ETF by 9,260.7% during the fourth quarter. US Bancorp DE now owns 28,082 shares of the company’s stock worth $1,295,000 after purchasing an additional 27,782 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter worth $7,250,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter worth $89,000.

VanEck Intermediate Muni ETF Price Performance

Shares of BATS ITM opened at $45.30 on Friday. The company’s fifty day moving average is $45.09 and its 200-day moving average is $45.66. VanEck Intermediate Muni ETF has a twelve month low of $43.42 and a twelve month high of $47.01.

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.