Davidson Investment Advisors Purchases 16,838 Shares of VanEck Intermediate Muni ETF $ITM

Davidson Investment Advisors boosted its position in VanEck Intermediate Muni ETF (BATS:ITM) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386,572 shares of the company’s stock after buying an additional 16,838 shares during the period. Davidson Investment Advisors owned approximately 0.94% of VanEck Intermediate Muni ETF worth $18,231,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its position in VanEck Intermediate Muni ETF by 5.8% in the 3rd quarter. Bank of America Corp DE now owns 15,865,319 shares of the company’s stock valued at $739,324,000 after buying an additional 869,902 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in VanEck Intermediate Muni ETF by 5.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,844,618 shares of the company’s stock valued at $179,159,000 after buying an additional 207,724 shares in the last quarter. Ameriprise Financial Inc. increased its position in VanEck Intermediate Muni ETF by 46.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,281,231 shares of the company’s stock valued at $59,715,000 after buying an additional 403,482 shares in the last quarter. Envestnet Asset Management Inc. increased its position in VanEck Intermediate Muni ETF by 18.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,051,513 shares of the company’s stock valued at $49,001,000 after buying an additional 163,729 shares in the last quarter. Finally, CX Institutional increased its position in VanEck Intermediate Muni ETF by 27.3% in the 3rd quarter. CX Institutional now owns 917,714 shares of the company’s stock valued at $42,765,000 after buying an additional 196,693 shares in the last quarter.

VanEck Intermediate Muni ETF Price Performance

Shares of ITM opened at $46.99 on Monday. The stock has a 50 day moving average price of $47.12 and a two-hundred day moving average price of $47.11. VanEck Intermediate Muni ETF has a 52 week low of $44.16 and a 52 week high of $48.02.

VanEck Intermediate Muni ETF Company 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.