VanEck Intermediate Muni ETF (BATS:ITM) Reaches New 52-Week Low – Should You Sell?

Shares of VanEck Intermediate Muni ETF (BATS:ITM) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $45.45 and last traded at $45.45, with a volume of 38010 shares trading hands. The stock had previously closed at $45.74.

VanEck Intermediate Muni ETF Trading Down 0.8%

The company’s 50 day simple moving average is $46.32 and its 200-day simple moving average is $46.72.

Hedge Funds Weigh In On VanEck Intermediate Muni ETF

Several hedge funds and other institutional investors have recently made changes to their positions in ITM. Blair William & Co. IL grew its stake in shares of VanEck Intermediate Muni ETF by 163.5% in the 3rd quarter. Blair William & Co. IL now owns 527 shares of the company’s stock worth $25,000 after purchasing an additional 327 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of VanEck Intermediate Muni ETF by 96.0% in the first quarter. Blue Trust Inc. now owns 633 shares of the company’s stock valued at $29,000 after buying an additional 310 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of VanEck Intermediate Muni ETF during the 4th quarter valued at $34,000. Compass Financial Management LLC bought a new stake in shares of VanEck Intermediate Muni ETF during the 2nd quarter worth $53,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of VanEck Intermediate Muni ETF in the second quarter worth $67,000.

VanEck Intermediate Muni ETF Company Profile

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.