FOCUS Wealth Advisors LLC Purchases 22,220 Shares of VanEck Intermediate Muni ETF $ITM

FOCUS Wealth Advisors LLC grew its holdings in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 14.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 178,232 shares of the company’s stock after purchasing an additional 22,220 shares during the period. VanEck Intermediate Muni ETF accounts for 4.0% of FOCUS Wealth Advisors LLC’s portfolio, making the stock its 6th biggest position. FOCUS Wealth Advisors LLC owned approximately 0.43% of VanEck Intermediate Muni ETF worth $8,306,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ITM. Baker Avenue Asset Management LP lifted its position in VanEck Intermediate Muni ETF by 1.9% in the second quarter. Baker Avenue Asset Management LP now owns 21,301 shares of the company’s stock worth $969,000 after purchasing an additional 391 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of VanEck Intermediate Muni ETF by 9.3% in the second quarter. First Horizon Advisors Inc. now owns 5,242 shares of the company’s stock worth $238,000 after buying an additional 445 shares during the period. Mattson Financial Services LLC purchased a new position in VanEck Intermediate Muni ETF during the 1st quarter worth approximately $32,000. TD Private Client Wealth LLC grew its holdings in shares of VanEck Intermediate Muni ETF by 16.6% during the second quarter. TD Private Client Wealth LLC now owns 5,993 shares of the company’s stock valued at $273,000 after buying an additional 852 shares in the last quarter. Finally, Gradient Investments LLC grew its stake in VanEck Intermediate Muni ETF by 10.0% during the 2nd quarter. Gradient Investments LLC now owns 9,802 shares of the company’s stock valued at $446,000 after acquiring an additional 889 shares in the last quarter.

VanEck Intermediate Muni ETF Stock Up 0.4%

BATS ITM opened at $47.07 on Thursday. VanEck Intermediate Muni ETF has a 1-year low of $43.42 and a 1-year high of $47.01. The firm’s fifty day simple moving average is $47.01 and its 200-day simple moving average is $46.15.

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.