Vault-13

VANECK ETF TRUST ITM

INTRMDT MUNI ETF · ETP · CUSIP 92189H201

175 institutional holders -5 vs Q1 2025
33,821,30433.8m shares reported held*
$1.5bnreported value*
24 new 48 added 67 reduced 30 sold out net sold ≈ $2.2m (-47.7k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($467.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $45.50. Options: 2 managers hold calls ($33.1k notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 159Q4 22: 165Q1 23: 170Q2 23: 165Q3 23: 167Q4 23: 184Q1 24: 173Q2 24: 168Q3 24: 168Q4 24: 178Q1 25: 180Q2 25: 175175Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022159
Q4 2022165
Q1 2023170
Q2 2023165
Q3 2023167
Q4 2023184
Q1 2024173
Q2 2024168
Q3 2024168
Q4 2024178
Q1 2025180
Q2 2025175

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q3 23: 79 bought or addedQ3 23: 65 cut or sold outQ4 23: 87 bought or addedQ4 23: 84 cut or sold outQ4 23Q1 24: 70 bought or addedQ1 24: 88 cut or sold outQ2 24: 67 bought or addedQ2 24: 78 cut or sold outQ2 24Q3 24: 59 bought or addedQ3 24: 81 cut or sold outQ4 24: 89 bought or addedQ4 24: 63 cut or sold outQ4 24Q1 25: 81 bought or addedQ1 25: 84 cut or sold outQ2 25: 72 bought or addedQ2 25: 97 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20237965
Q4 20238784
Q1 20247088
Q2 20246778
Q3 20245981
Q4 20248963
Q1 20258184
Q2 20257297

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5mQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $1.2mQ4 24 puts: $59.9kQ4 24P/C 0.05Q1 25 calls: $241.2kQ1 25 puts: $86.5kQ1 25P/C 0.36Q2 25 calls: $33.1kQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$1.2m$59.9k0.05
Q1 2025$241.2k$86.5k0.36
Q2 2025$33.1k$00.00

Biggest buyers

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +1,164,977+1.2m
AMERIPRISE FINANCIAL INC Added +601,111+601.1k
MATHER GROUP, LLC. Added +148,426+148.4k
LPL Financial LLC Added +118,688+118.7k
OneDigital Investment Advisors LLC Added +118,299+118.3k
SIMON QUICK ADVISORS, LLC New +109,868+109.9k
Willis Johnson & Associates, Inc. Added +103,261+103.3k
ROYAL BANK OF CANADA Added +91,912+91.9k
Thrivent Financial for Lutherans New +90,276+90.3k
AXXCESS WEALTH MANAGEMENT, LLC Added +75,031+75.0k

Biggest sellers

JANE STREET GROUP, LLC Reduced -621,534-621.5k
CITADEL ADVISORS LLC Reduced -577,411-577.4k
BANK OF AMERICA CORP /DE/ Reduced -407,032-407.0k
CONDOR CAPITAL MANAGEMENT Reduced -238,347-238.3k
JPMORGAN CHASE & CO Reduced -224,480-224.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -158,546-158.5k
ENVESTNET ASSET MANAGEMENT INC Reduced -150,964-151.0k
BRANDYWINE OAK PRIVATE WEALTH LLC Reduced -77,081-77.1k
OLD NATIONAL BANCORP /IN/ Reduced -50,753-50.8k
Sanctuary Advisors, LLC Reduced -49,451-49.5k

Biggest calls

GROUP ONE TRADING LLC New $33.1k2.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 14,995,41715.0m $681.8m $681.8m 0.05% Reduced -407.0k -407,032
2 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.12% of their portfolio MILWAUKEE, WI 3,636,8943.6m $165.4m $165.4m 0.12% Added +1.2m +1,164,977
3 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,937,2601.9m $88.1m $88.1m 0.03% Added +118.7k +118,688
4 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 887,784887.8k $40.4m $40.4m 0.01% Reduced -151.0k -150,964
5 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 877,749877.7k $39.9m $39.9m 0.01% Added +601.1k +601,111
6 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 865,145865.1k $39.3m $39.3m 0.01% Added +26.8k +26,830
7 FMR LLC 0.00% of their portfolio BOSTON, MA 808,015808.0k $36.7m $36.7m 0.00% Added +55.6k +55,600
8 CX Institutional 1.14% of their portfolio AUBURN, IN 721,021721.0k $32.8m $32.8m 1.14% Reduced -28.5k -28,478
9 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 716,287716.3k $32.6m $32.6m 0.00% Added +34.0k +33,980
10 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.05% of their portfolio PLYMOUTH, MN 643,409643.4k $29.2m $29.2m 0.05% Reduced -45.0k -44,999
11 Willis Johnson & Associates, Inc. 1.94% of their portfolio Houston, TX 626,341626.3k $28.5m $28.5m 1.94% Added +103.3k +103,261
12 OneDigital Investment Advisors LLC 0.23% of their portfolio OVERLAND PARK, KS 453,820453.8k $20.6m $20.6m 0.23% Added +118.3k +118,299
13 MATHER GROUP, LLC. 0.22% of their portfolio CHICAGO, IL 447,121447.1k $20.3m $20.3m 0.22% Added +148.4k +148,426
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 401,796401.8k $18.3m $18.3m 0.00% Reduced -224.5k -224,480
15 DAVIDSON INVESTMENT ADVISORS 0.72% of their portfolio GREAT FALLS, MT 350,047350.0k $15.9m $15.9m 0.72% Added +385 +385
16 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 344,123344.1k $15.6m $15.6m 0.02% Reduced -13.9k -13,914
17 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 319,663319.7k $14.5m $14.5m 0.01% Reduced -16.4k -16,429
18 Avidian Wealth Enterprises, LLC 0.59% of their portfolio Houston, TX 318,001318.0k $14.5m $14.5m 0.59% Reduced -4.0k -3,957
19 UBS Group AG 0.00% of their portfolio ZURICH, V8 317,417317.4k $14.4m $14.4m 0.00% Reduced -7.6k -7,629
20 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 249,865249.9k $11.4m $11.4m 0.02% Reduced -621.5k -621,534
21 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 187,616187.6k $8.5m $8.5m 0.00% Added +91.9k +91,912
22 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 173,888173.9k $7.9m $7.9m 0.01% Reduced -18.3k -18,287
23 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 167,539167.5k $7.6m $7.6m 0.00% Reduced -5.1k -5,066
24 FOCUS Wealth Advisors, LLC 3.69% of their portfolio HOUSTON, TX 156,012156.0k $7.1m $7.1m 3.69% Added +3.8k +3,790
25 Clark Capital Management Group, Inc. 0.04% of their portfolio PHILADELPHIA, PA 142,114142.1k $6.5m $6.5m 0.04% Reduced -4.1k -4,076
26 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 130,700130.7k $5.9m $5.9m 0.01% Added +34.4k +34,400
27 OLD NATIONAL BANCORP /IN/ 0.10% of their portfolio EVANSVILLE, IN 127,818127.8k $5.8m $5.8m 0.10% Reduced -50.8k -50,753
28 SIMON QUICK ADVISORS, LLC 0.25% of their portfolio MORRISTOWN, NJ 109,868109.9k $5.0m $5.0m 0.25% New
29 PARK AVENUE SECURITIES LLC 0.04% of their portfolio NEW YORK, NY 101,524101.5k $4.6m $4.6m 0.04% Reduced -8.5k -8,543
30 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 95,01495.0k $4.3m $4.3m 0.01% Reduced -3.4k -3,372
31 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 90,27690.3k $4.1m $4.1m 0.01% New
32 BRANDYWINE OAK PRIVATE WEALTH LLC 0.36% of their portfolio Kennett Square, PA 84,42384.4k $3.8m $3.8m 0.36% Reduced -77.1k -77,081
33 AXXCESS WEALTH MANAGEMENT, LLC 0.09% of their portfolio CARLSBAD, CA 79,69679.7k $3.6m $3.6m 0.09% Added +75.0k +75,031
34 Clearstead Advisors, LLC 0.05% of their portfolio CLEVELAND, OH 79,53479.5k $3.6m $3.6m 0.05% Reduced -8.4k -8,418
35 Granite Harbor Advisors, Inc. 1.67% of their portfolio Houston, TX 78,01278.0k $3.5m $3.5m 1.67% Added +8.3k +8,332
36 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 76,93376.9k $3.5m $3.5m 0.01% Reduced -10.8k -10,830
37 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 71,35271.4k $3.2m $3.2m 0.00% Added +51.7k +51,677
38 PRINCIPAL SECURITIES, INC. 0.06% of their portfolio DES MOINES, IA 70,93870.9k $3.2m $3.2m 0.06% Added +5.1k +5,070
39 Cornerstone Wealth Management, LLC 0.19% of their portfolio ST. PETERS, MO 67,99868.0k $3.1m $3.1m 0.19% Reduced -964 -964
40 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 67,84067.8k $3.1m $3.1m 0.01% Reduced -25.1k -25,083
41 SteelPeak Wealth, LLC 0.11% of their portfolio WOODLAND HILLS, CA 59,88759.9k $2.7m $2.7m 0.11% Added +1.5k +1,499
42 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 55,57355.6k $2.5m $2.5m 0.02% Reduced -49.5k -49,451
43 Parkside Financial Bank & Trust 0.27% of their portfolio SAINT LOUIS, MO 54,50354.5k $2.5m $2.5m 0.27% Reduced -17.3k -17,266
44 VICUS CAPITAL 0.20% of their portfolio STATE COLLEGE, PA 53,27053.3k $2.4m $2.4m 0.20% Added +8.1k +8,136
45 Fulton Bank, N.A. 0.09% of their portfolio Lancaster, PA 51,67051.7k $2.3m $2.3m 0.09% Added +6.3k +6,336
46 J.Safra Asset Management Corp 0.15% of their portfolio NEW YORK, NY 48,40448.4k $2.2m $2.2m 0.15% New
47 Vise Technologies, Inc. 0.09% of their portfolio NEW YORK, NY 45,35045.4k $2.1m $2.1m 0.09% First filing
48 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 44,67444.7k $2.0m $2.0m 0.02% Added +15.5k +15,481
49 Midwest Trust Co 0.02% of their portfolio Overland Park, KS 39,10039.1k $1.8m $1.8m 0.02% First filing
50 CHOREO, LLC 0.02% of their portfolio ROCKFORD, IL 38,56438.6k $1.8m $1.8m 0.02% Added +22.2k +22,225
51 Idaho Trust Co 0.62% of their portfolio BOISE, ID 38,26438.3k $1.7m $1.7m 0.62% Reduced -1.1k -1,074
52 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 37,93937.9k $1.7m $1.7m 0.01% Reduced -24.3k -24,340
53 Fragasso Financial Advisors Inc 0.11% of their portfolio SEWICKLEY, PA 35,95936.0k $1.6m $1.6m 0.11% New
54 Running Point Capital Advisors, LLC 0.45% of their portfolio EL SEGUNDO, CA 35,67835.7k $1.6m $1.6m 0.45% Added +6.7k +6,717
55 Mariner, LLC 0.00% of their portfolio Overland Park, KS 35,21335.2k $1.6m $1.6m 0.00% Added +4.5k +4,509
56 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 34,16434.2k $1.6m $1.6m 0.00% Added +14.5k +14,479
57 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 33,30333.3k $1.5m $1.5m 0.00% Added +1.5k +1,459
58 OLD MISSION CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 31,03731.0k $1.4m $1.4m 0.04% New
59 Beaumont Financial Advisors, LLC 0.09% of their portfolio NEEDHAM, MA 27,21427.2k $1.2m $1.2m 0.09% Reduced -545 -545
60 CWM, LLC 0.00% of their portfolio OMAHA, NE 27,07627.1k $1.2m $1.2m 0.00% Unchanged
61 1620 INVESTMENT ADVISORS, INC. 0.86% of their portfolio PLYMOUTH, MA 26,72926.7k $1.2m $1.2m 0.86% Reduced -1.3k -1,290
62 XML Financial, LLC 0.10% of their portfolio BETHESDA, MD 26,48326.5k $1.2m $1.2m 0.10% Reduced -1.8k -1,845
63 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 26,14426.1k $1.2m $1.2m 0.00% Reduced -1.0k -1,015
64 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 25,54225.5k $1.2m $1.2m 0.00% Unchanged
65 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 23,82823.8k $1.1m $1.1m 0.01% Reduced -1.9k -1,876
66 COMERICA BANK 0.00% of their portfolio DALLAS, TX 23,31023.3k $1.1m $1.1m 0.00% Added +580 +580
67 Goodwin Investment Advisory 1.22% of their portfolio WOODSTOCK, GA 23,17223.2k $1.1m $1.1m 1.22% Reduced -1.5k -1,507
68 Baker Avenue Asset Management, LP 0.03% of their portfolio SAN FRANCISCO, CA 21,30121.3k $968.6k $968.6k 0.03% Added +391 +391
69 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 20,82420.8k $946.9k $946.9k 0.01% Added +7.0k +7,030
70 Westside Investment Management, Inc. 0.17% of their portfolio SANTA MONICA, CA 20,25120.3k $920.8k $920.8k 0.17% Reduced -1.1k -1,125
71 GenTrust, LLC 0.04% of their portfolio MIAMI, FL 19,46619.5k $885.1k $885.1k 0.04% Reduced -1.4k -1,399
72 Aquire Wealth Advisors, LLC 0.24% of their portfolio Salt Lake City, UT 19,25919.3k $875.7k $875.7k 0.24% Added +48 +48
73 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 19,09319.1k $868.2k $868.2k 0.01% Added +1.9k +1,890
74 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.02% of their portfolio Seattle, WA 15,87415.9k $721.8k $721.8k 0.02% Reduced -8.4k -8,400
75 Strategic Blueprint, LLC 0.03% of their portfolio ATLANTA, GA 15,66315.7k $712.2k $712.2k 0.03% Reduced -15.1k -15,076
76 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.01% of their portfolio MINNEAPOLIS, MN 15,55415.6k $707.2k $707.2k 0.01% Added +5.3k +5,265
77 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 15,44615.4k $702.3k $702.3k 0.02% Added +102 +102
78 Alesco Advisors, LLC, An ESL Co 0.02% of their portfolio Pittsford, NY 15,24015.2k $693.0k $693.0k 0.02% Unchanged
79 MassMutual Private Wealth & Trust, FSB 0.02% of their portfolio Windsor, CT 14,98615.0k $681.4k $681.4k 0.02% Reduced -21.1k -21,116
80 PETRA FINANCIAL ADVISORS INC 0.43% of their portfolio COLORADO SRPINGS, CO 14,92014.9k $678.4k $678.4k 0.43% Added +15 +15
81 GTS SECURITIES LLC 0.03% of their portfolio NEW YORK, NY 14,77614.8k $671.9k $671.9k 0.03% New
82 Quadrature Capital Ltd 0.01% of their portfolio LONDON, X0 14,66914.7k $667.1k $667.1k 0.01% New
83 Ameritas Investment Partners, Inc. 0.02% of their portfolio LINCOLN, NE 14,43014.4k $656.1k $656.1k 0.02% Reduced -965 -965
84 Perigon Wealth Management, LLC 0.02% of their portfolio SAN FRANCISCO, CA 14,33414.3k $651.8k $651.8k 0.02% New
85 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 14,22314.2k $646.7k $646.7k 0.00% Reduced -1.7k -1,728
86 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 14,00114.0k $636.6k $636.6k 0.00% Unchanged
87 SHEETS SMITH WEALTH MANAGEMENT 0.07% of their portfolio WINSTON-SALEM, NC 13,60013.6k $618.4k $618.4k 0.07% Unchanged
88 Gutierrez Wealth Advisory, LLC 0.41% of their portfolio LITTLE ROCK, AR 13,59813.6k $618.3k $618.3k 0.41% New
89 WBH ADVISORY INC 0.05% of their portfolio BALTIMORE, MD 13,22213.2k $601.2k $601.2k 0.05% New
90 ONE Advisory Partners, LLC 0.19% of their portfolio OVERLAND PARK, KS 12,76612.8k $578.0k $578.0k 0.19% Added +2.7k +2,651
91 PRIVATE TRUST CO NA 0.06% of their portfolio CLEVELAND, OH 12,71512.7k $578.2k $578.2k 0.06% Added +15 +15
92 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 12,37412.4k $562.6k $562.6k 0.00% Reduced -4.0k -4,015
93 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 12,17612.2k $553.0k $553.0k 0.00% New
94 Ameraudi Asset Management, Inc. 0.27% of their portfolio New York, NY 11,40011.4k $518.4k $518.4k 0.27% Unchanged
95 Clearwater Capital Advisors, LLC 0.05% of their portfolio HOFFMAN ESTATES, IL 11,35111.4k $516.1k $516.1k 0.05% Reduced -125 -125
96 Family Capital Management, Inc. 0.27% of their portfolio GRAND RAPIDS, MI 11,25811.3k $511.9k $511.9k 0.27% Reduced -427 -427
97 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 11,16611.2k $508.0k $508.0k 0.00% Reduced -460 -460
98 1834 INVESTMENT ADVISORS CO 0.06% of their portfolio Milwaukee, WI 11,14811.1k $506.9k $506.9k 0.06% Reduced -2.2k -2,201
99 CFS Investment Advisory Services, LLC 0.04% of their portfolio TOTOWA, NJ 10,53710.5k $479.0k $479.0k 0.04% Reduced -18.5k -18,538
100 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 10,51210.5k $478.0k $478.0k 0.01% Reduced -1.5k -1,507