Fragasso Financial Advisors Inc lowered its holdings in shares of VanEck Intermediate Muni ETF (BATS:ITM – Free Report) by 83.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,955 shares of the company’s stock after selling 30,004 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in VanEck Intermediate Muni ETF were worth $277,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mattson Financial Services LLC bought a new stake in shares of VanEck Intermediate Muni ETF during the first quarter worth $32,000. Ameritas Advisory Services LLC purchased a new position in VanEck Intermediate Muni ETF in the 2nd quarter worth about $54,000. YANKCOM Partnership bought a new stake in VanEck Intermediate Muni ETF during the 2nd quarter valued at about $58,000. Qube Research & Technologies Ltd boosted its position in VanEck Intermediate Muni ETF by 108.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 2,953 shares of the company’s stock valued at $134,000 after buying an additional 1,538 shares during the period. Finally, Baird Financial Group Inc. purchased a new stake in VanEck Intermediate Muni ETF in the 2nd quarter valued at about $201,000.
VanEck Intermediate Muni ETF Stock Up 0.4%
Shares of BATS:ITM opened at $47.07 on Thursday. The firm’s 50 day simple moving average is $47.01 and its 200-day simple moving average is $46.15. VanEck Intermediate Muni ETF has a one year low of $43.42 and a one 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.
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