Fragasso Financial Advisors Inc Sells 30,004 Shares of VanEck Intermediate Muni ETF $ITM

Fragasso Financial Advisors Inc reduced its position in VanEck Intermediate Muni ETF (BATS:ITM) by 83.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,955 shares of the company’s stock after selling 30,004 shares during the period. Fragasso Financial Advisors Inc’s holdings in VanEck Intermediate Muni ETF were worth $277,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Baker Avenue Asset Management LP increased its stake in VanEck Intermediate Muni ETF by 1.9% in the 2nd quarter. Baker Avenue Asset Management LP now owns 21,301 shares of the company’s stock worth $969,000 after acquiring an additional 391 shares during the last quarter. First Horizon Advisors Inc. grew 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 valued at $238,000 after purchasing an additional 445 shares in the last quarter. Mattson Financial Services LLC purchased a new position in shares of VanEck Intermediate Muni ETF in the first quarter valued at $32,000. TD Private Client Wealth LLC increased its position in VanEck Intermediate Muni ETF by 16.6% in the second quarter. TD Private Client Wealth LLC now owns 5,993 shares of the company’s stock worth $273,000 after purchasing an additional 852 shares during the last quarter. Finally, Gradient Investments LLC raised its stake in VanEck Intermediate Muni ETF by 10.0% during the second quarter. Gradient Investments LLC now owns 9,802 shares of the company’s stock valued at $446,000 after purchasing an additional 889 shares in the last quarter.

VanEck Intermediate Muni ETF Trading Up 0.4%

ITM stock opened at $47.07 on Thursday. VanEck Intermediate Muni ETF has a 52 week low of $43.42 and a 52 week high of $47.01. The company has a fifty day simple moving average of $47.01 and a two-hundred day simple moving average of $46.15.

VanEck Intermediate Muni ETF Profile

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.