Park Avenue Securities LLC Purchases 51,628 Shares of VanEck Intermediate Muni ETF (BATS:ITM)

Park Avenue Securities LLC lifted its position in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 67.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 128,152 shares of the company’s stock after purchasing an additional 51,628 shares during the period. Park Avenue Securities LLC owned 0.33% of VanEck Intermediate Muni ETF worth $5,908,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. CX Institutional increased its position in VanEck Intermediate Muni ETF by 2.1% during the 3rd quarter. CX Institutional now owns 680,228 shares of the company’s stock worth $31,937,000 after buying an additional 14,043 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of VanEck Intermediate Muni ETF by 18.9% in the second quarter. Envestnet Asset Management Inc. now owns 988,662 shares of the company’s stock valued at $45,320,000 after acquiring an additional 157,446 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of VanEck Intermediate Muni ETF by 1.8% in the third quarter. HighTower Advisors LLC now owns 64,133 shares of the company’s stock valued at $3,010,000 after acquiring an additional 1,150 shares in the last quarter. Cetera Investment Advisers increased its position in VanEck Intermediate Muni ETF by 20.9% during the second quarter. Cetera Investment Advisers now owns 169,545 shares of the company’s stock worth $7,772,000 after acquiring an additional 29,309 shares during the period. Finally, Creative Planning raised its stake in VanEck Intermediate Muni ETF by 28.3% in the 2nd quarter. Creative Planning now owns 18,501 shares of the company’s stock worth $848,000 after purchasing an additional 4,079 shares in the last quarter.

VanEck Intermediate Muni ETF Trading Up 0.5 %

Shares of BATS:ITM opened at $45.77 on Thursday. The stock’s 50-day simple moving average is $46.21 and its 200 day simple moving average is $46.35.

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.