VanEck Vectors Intermediate Municipal ETF (NYSEARCA:ITM) Stake Decreased by Private Wealth Group LLC

Private Wealth Group LLC cut its holdings in VanEck Vectors Intermediate Municipal ETF (NYSEARCA:ITM) by 5.3% during the second quarter, Holdings Channel reports. The institutional investor owned 82,661 shares of the company’s stock after selling 4,605 shares during the quarter. VanEck Vectors Intermediate Municipal ETF comprises 3.7% of Private Wealth Group LLC’s investment portfolio, making the stock its 10th biggest holding. Private Wealth Group LLC’s holdings in VanEck Vectors Intermediate Municipal ETF were worth $4,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. Comerica Securities Inc. purchased a new stake in VanEck Vectors Intermediate Municipal ETF during the 4th quarter valued at approximately $270,000. Deutsche Bank AG purchased a new stake in VanEck Vectors Intermediate Municipal ETF during the 4th quarter valued at approximately $5,489,000. Piershale Financial Group Inc. purchased a new stake in VanEck Vectors Intermediate Municipal ETF during the 1st quarter valued at approximately $251,000. Caprin Asset Management LLC ADV grew its holdings in VanEck Vectors Intermediate Municipal ETF by 1.0% during the 1st quarter. Caprin Asset Management LLC ADV now owns 919,011 shares of the company’s stock valued at $44,848,000 after buying an additional 8,813 shares in the last quarter. Finally, Creative Planning grew its holdings in VanEck Vectors Intermediate Municipal ETF by 7.1% during the 1st quarter. Creative Planning now owns 12,811 shares of the company’s stock valued at $625,000 after buying an additional 850 shares in the last quarter.

Shares of ITM stock traded down $0.04 on Friday, reaching $50.71. The company’s stock had a trading volume of 163,891 shares, compared to its average volume of 166,150. The stock’s fifty day simple moving average is $49.98. VanEck Vectors Intermediate Municipal ETF has a 1 year low of $45.86 and a 1 year high of $50.75.

About VanEck Vectors Intermediate Municipal ETF

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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