FOCUS Wealth Advisors LLC Decreases Stake in VanEck Intermediate Muni ETF (BATS:ITM)

FOCUS Wealth Advisors LLC cut its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 3.9% during the 4th quarter, HoldingsChannel reports. The firm owned 153,507 shares of the company’s stock after selling 6,238 shares during the period. VanEck Intermediate Muni ETF comprises 3.8% of FOCUS Wealth Advisors LLC’s investment portfolio, making the stock its 6th largest position. FOCUS Wealth Advisors LLC’s holdings in VanEck Intermediate Muni ETF were worth $7,077,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Financial Counselors Inc. grew its holdings in shares of VanEck Intermediate Muni ETF by 0.7% during the 3rd quarter. Financial Counselors Inc. now owns 37,750 shares of the company’s stock valued at $1,772,000 after purchasing an additional 253 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in VanEck Intermediate Muni ETF by 4.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 8,413 shares of the company’s stock worth $395,000 after acquiring an additional 335 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in VanEck Intermediate Muni ETF by 194.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 891 shares of the company’s stock worth $42,000 after acquiring an additional 588 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in VanEck Intermediate Muni ETF during the 3rd quarter worth approximately $43,000. Finally, Avior Wealth Management LLC bought a new stake in VanEck Intermediate Muni ETF during the 3rd quarter worth approximately $48,000.

VanEck Intermediate Muni ETF Stock Performance

ITM opened at $45.84 on Monday. The stock’s fifty day simple moving average is $46.20 and its 200 day simple moving average 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.