VanEck Intermediate Muni ETF (BATS:ITM) Shares Sold by Assetmark Inc.

Assetmark Inc. cut its position in VanEck Intermediate Muni ETF (BATS:ITM) by 78.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 701 shares of the company’s stock after selling 2,569 shares during the quarter. Assetmark Inc.’s holdings in VanEck Intermediate Muni ETF were worth $32,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Avantax Advisory Services Inc. purchased a new position in VanEck Intermediate Muni ETF in the 1st quarter valued at approximately $628,000. Stephens Inc. AR boosted its holdings in VanEck Intermediate Muni ETF by 4.2% in the first quarter. Stephens Inc. AR now owns 7,052 shares of the company’s stock valued at $321,000 after purchasing an additional 286 shares during the period. SteelPeak Wealth LLC grew its stake in VanEck Intermediate Muni ETF by 17.9% during the 1st quarter. SteelPeak Wealth LLC now owns 58,388 shares of the company’s stock worth $2,657,000 after purchasing an additional 8,883 shares in the last quarter. Davidson Investment Advisors increased its holdings in VanEck Intermediate Muni ETF by 4.3% during the 1st quarter. Davidson Investment Advisors now owns 349,662 shares of the company’s stock worth $15,913,000 after purchasing an additional 14,298 shares during the period. Finally, Financial Counselors Inc. raised its position in VanEck Intermediate Muni ETF by 20.4% in the 1st quarter. Financial Counselors Inc. now owns 38,226 shares of the company’s stock valued at $1,740,000 after purchasing an additional 6,471 shares in the last quarter.

VanEck Intermediate Muni ETF Stock Up 0.1%

BATS:ITM opened at $45.62 on Wednesday. The stock has a 50-day simple moving average of $45.30 and a 200-day simple moving average of $45.49. VanEck Intermediate Muni ETF has a 1 year low of $43.42 and a 1 year 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.