Raymond James & Associates Sells 18,233 Shares of VanEck Intermediate Muni ETF (BATS:ITM)

Raymond James & Associates lessened its position in shares of VanEck Intermediate Muni ETF (BATS:ITM – Get Rating) by 15.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,957 shares of the company’s stock after selling 18,233 shares during the period. Raymond James & Associates’ holdings in VanEck Intermediate Muni ETF were worth $4,422,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Ameraudi Asset Management Inc. bought a new position in VanEck Intermediate Muni ETF during the 4th quarter worth about $314,000. Highland Financial Advisors LLC bought a new position in shares of VanEck Intermediate Muni ETF in the 4th quarter valued at about $1,309,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of VanEck Intermediate Muni ETF by 17.3% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 31,956 shares of the company’s stock valued at $1,458,000 after acquiring an additional 4,705 shares in the last quarter. Paul Damon & Associates Inc. bought a new position in shares of VanEck Intermediate Muni ETF in the 4th quarter valued at about $2,321,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of VanEck Intermediate Muni ETF by 45.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 61,789 shares of the company’s stock valued at $2,818,000 after acquiring an additional 19,427 shares in the last quarter.

VanEck Intermediate Muni ETF Stock Down 0.2 %

Shares of BATS ITM opened at $45.43 on Wednesday. The company has a fifty day moving average price of $46.28.

About VanEck Intermediate Muni ETF

(Get Rating)

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.