Strategic Financial Group LLC Lowers Stock Holdings in VanEck Vectors Intermediate Municipal ETF (NYSEARCA:ITM)

Strategic Financial Group LLC trimmed its stake in VanEck Vectors Intermediate Municipal ETF (NYSEARCA:ITM) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,389 shares of the company’s stock after selling 247 shares during the period. Strategic Financial Group LLC’s holdings in VanEck Vectors Intermediate Municipal ETF were worth $865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Optimum Investment Advisors lifted its position in shares of VanEck Vectors Intermediate Municipal ETF by 5.0% in the 2nd quarter. Optimum Investment Advisors now owns 73,311 shares of the company’s stock worth $3,647,000 after purchasing an additional 3,500 shares during the period. Creative Planning lifted its position in shares of VanEck Vectors Intermediate Municipal ETF by 43.9% in the 2nd quarter. Creative Planning now owns 18,441 shares of the company’s stock worth $917,000 after purchasing an additional 5,630 shares during the period. JNBA Financial Advisors lifted its position in shares of VanEck Vectors Intermediate Municipal ETF by 17.7% in the 2nd quarter. JNBA Financial Advisors now owns 36,084 shares of the company’s stock worth $1,795,000 after purchasing an additional 5,416 shares during the period. Westside Investment Management Inc. purchased a new stake in shares of VanEck Vectors Intermediate Municipal ETF in the 2nd quarter worth approximately $121,000. Finally, James Investment Research Inc. lifted its position in shares of VanEck Vectors Intermediate Municipal ETF by 83.5% in the 2nd quarter. James Investment Research Inc. now owns 26,562 shares of the company’s stock worth $1,321,000 after purchasing an additional 12,090 shares during the period.

Shares of ITM traded down $0.05 during mid-day trading on Friday, hitting $50.70. The company’s stock had a trading volume of 14,707 shares, compared to its average volume of 166,165. The company has a 50-day moving average price of $49.96. VanEck Vectors Intermediate Municipal ETF has a 52-week low of $45.86 and a 52-week high of $50.75.

VanEck Vectors Intermediate Municipal ETF Company Profile

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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Institutional Ownership by Quarter for VanEck Vectors Intermediate Municipal ETF (NYSEARCA:ITM)

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