Cornerstone Wealth Management LLC grew its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM – Free Report) by 14.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 67,695 shares of the company’s stock after acquiring an additional 8,316 shares during the quarter. Cornerstone Wealth Management LLC owned about 0.17% of VanEck Intermediate Muni ETF worth $3,121,000 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 stock. Farther Finance Advisors LLC boosted its stake in shares of VanEck Intermediate Muni ETF by 194.1% during the third quarter. Farther Finance Advisors LLC now owns 891 shares of the company’s stock valued at $42,000 after purchasing an additional 588 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in VanEck Intermediate Muni ETF during the 3rd quarter worth $43,000. Avior Wealth Management LLC acquired a new stake in shares of VanEck Intermediate Muni ETF in the third quarter valued at about $48,000. Darwin Wealth Management LLC bought a new position in shares of VanEck Intermediate Muni ETF during the third quarter worth about $53,000. Finally, Park Place Capital Corp acquired a new position in shares of VanEck Intermediate Muni ETF in the fourth quarter worth approximately $68,000.
VanEck Intermediate Muni ETF Stock Up 0.4 %
Shares of BATS ITM opened at $45.75 on Friday. The business’s fifty day moving average price is $46.19 and its two-hundred day moving average price is $46.35.
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.
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