VanEck Intermediate Muni ETF (NYSEARCA:ITM) Sees Strong Trading Volume

VanEck Intermediate Muni ETF (NYSEARCA:ITMGet Rating) shares saw an uptick in trading volume on Thursday . 28,643 shares were traded during mid-day trading, a decline of 92% from the previous session’s volume of 367,344 shares.The stock last traded at $44.77 and had previously closed at $44.70.

The stock has a 50 day simple moving average of $46.44 and a 200 day simple moving average of $49.09.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GeoWealth Management LLC raised its holdings in shares of VanEck Intermediate Muni ETF by 0.8% during the third quarter. GeoWealth Management LLC now owns 25,615 shares of the company’s stock valued at $1,313,000 after buying an additional 202 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of VanEck Intermediate Muni ETF by 2.1% during the first quarter. Ameritas Investment Partners Inc. now owns 11,922 shares of the company’s stock valued at $564,000 after buying an additional 248 shares during the last quarter. Innova Wealth Partners raised its holdings in shares of VanEck Intermediate Muni ETF by 4.2% during the fourth quarter. Innova Wealth Partners now owns 7,495 shares of the company’s stock valued at $384,000 after buying an additional 300 shares during the last quarter. Howard Capital Management Inc. raised its holdings in shares of VanEck Intermediate Muni ETF by 2.2% during the fourth quarter. Howard Capital Management Inc. now owns 17,652 shares of the company’s stock valued at $905,000 after buying an additional 374 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its holdings in shares of VanEck Intermediate Muni ETF by 3.1% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 12,962 shares of the company’s stock valued at $665,000 after buying an additional 387 shares during the last quarter.

VanEck Intermediate Muni ETF Company Profile (NYSEARCA:ITM)

Market Vectors Intermediate Municipal Index ETF (the Fund) seeks to replicate the price and yield performance of the Barclays Capital AMT-Free Intermediate Continuous Municipal Index (the Index). The Index provides broad exposure to investment-grade municipal bonds with a nominal maturity of 6 to 16 years.

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