VanEck Vectors Intermediate Municipal ETF (NYSEARCA:ITM) Sets New 12-Month High at $50.48

VanEck Vectors Intermediate Municipal ETF (NYSEARCA:ITM)’s share price reached a new 52-week high on Monday . The stock traded as high as $50.48 and last traded at $50.48, with a volume of 5347 shares changing hands. The stock had previously closed at $50.31.

The stock’s 50-day moving average is $49.86.

Several institutional investors and hedge funds have recently modified their holdings of ITM. Farmers & Merchants Investments Inc. bought a new stake in shares of VanEck Vectors Intermediate Municipal ETF in the 1st quarter worth approximately $55,000. Westside Investment Management Inc. bought a new stake in shares of VanEck Vectors Intermediate Municipal ETF in the 2nd quarter worth approximately $121,000. LifePlan Financial Group Inc boosted its position in shares of VanEck Vectors Intermediate Municipal ETF by 287.2% in the 1st quarter. LifePlan Financial Group Inc now owns 2,517 shares of the company’s stock worth $123,000 after purchasing an additional 1,867 shares in the last quarter. FMR LLC bought a new stake in shares of VanEck Vectors Intermediate Municipal ETF in the 1st quarter worth approximately $167,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of VanEck Vectors Intermediate Municipal ETF in the 1st quarter worth approximately $205,000.

VanEck Vectors Intermediate Municipal ETF Company Profile (NYSEARCA:ITM)

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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