VanEck Intermediate Muni ETF $ITM Shares Acquired by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc boosted its position in VanEck Intermediate Muni ETF (BATS:ITM) by 3,371.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 210,278 shares of the company’s stock after acquiring an additional 204,220 shares during the quarter. VanEck Intermediate Muni ETF makes up approximately 0.5% of Fragasso Financial Advisors Inc’s investment portfolio, making the stock its 23rd largest holding. Fragasso Financial Advisors Inc’s holdings in VanEck Intermediate Muni ETF were worth $9,297,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brandywine Oak Private Wealth LLC raised its stake in shares of VanEck Intermediate Muni ETF by 11.7% in the 1st quarter. Brandywine Oak Private Wealth LLC now owns 103,145 shares of the company’s stock valued at $4,789,000 after buying an additional 10,794 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of VanEck Intermediate Muni ETF by 41.0% during the first quarter. Royal Bank of Canada now owns 140,842 shares of the company’s stock valued at $6,539,000 after acquiring an additional 40,948 shares during the period. Quantinno Capital Management LP boosted its stake in VanEck Intermediate Muni ETF by 136.8% in the first quarter. Quantinno Capital Management LP now owns 20,170 shares of the company’s stock valued at $936,000 after acquiring an additional 11,651 shares during the last quarter. Hyundai Investments Co. Ltd. bought a new stake in shares of VanEck Intermediate Muni ETF in the 4th quarter valued at about $551,000. Finally, Advisors Preferred LLC bought a new position in VanEck Intermediate Muni ETF during the 1st quarter worth approximately $5,026,000.

VanEck Intermediate Muni ETF Price Performance

Shares of ITM traded up $0.16 during trading hours on Tuesday, reaching $44.42. The stock had a trading volume of 562,525 shares, compared to its average volume of 401,830. VanEck Intermediate Muni ETF has a 52 week low of $43.58 and a 52 week high of $48.02. The firm has a 50-day moving average of $45.17 and a 200 day moving average of $46.13.

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.