JPMorgan Chase & Co. Trims Stake in VanEck Intermediate Muni ETF (BATS:ITM)

JPMorgan Chase & Co. cut its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 19.7% in the 3rd quarter, Holdings Channel reports. The fund owned 325,635 shares of the company’s stock after selling 79,637 shares during the quarter. JPMorgan Chase & Co.’s holdings in VanEck Intermediate Muni ETF were worth $15,289,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake 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 valued at $42,000 after acquiring an additional 588 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in VanEck Intermediate Muni ETF during the 3rd quarter valued at approximately $43,000. Avior Wealth Management LLC purchased a new stake in VanEck Intermediate Muni ETF during the 3rd quarter valued at approximately $48,000. Darwin Wealth Management LLC purchased a new stake in VanEck Intermediate Muni ETF during the 3rd quarter valued at approximately $53,000. Finally, Kennebec Savings Bank purchased a new stake in VanEck Intermediate Muni ETF during the 3rd quarter valued at approximately $152,000.

VanEck Intermediate Muni ETF Stock Down 0.2 %

ITM opened at $45.84 on Friday. The firm’s 50 day moving average is $46.22 and its 200 day 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.