Ameritas Investment Partners Inc. Sells 541 Shares of VanEck Intermediate Muni ETF (BATS:ITM)

Ameritas Investment Partners Inc. reduced its stake in VanEck Intermediate Muni ETF (BATS:ITM) by 4.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,321 shares of the company’s stock after selling 541 shares during the period. Ameritas Investment Partners Inc.’s holdings in VanEck Intermediate Muni ETF were worth $573,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ITM. Pacific Capital Wealth Advisors Inc. bought a new stake in VanEck Intermediate Muni ETF during the fourth quarter worth $29,000. Blue Trust Inc. bought a new stake in VanEck Intermediate Muni ETF during the fourth quarter worth $35,000. First Horizon Advisors Inc. bought a new stake in VanEck Intermediate Muni ETF during the fourth quarter worth $52,000. Regent Peak Wealth Advisors LLC bought a new stake in VanEck Intermediate Muni ETF during the fourth quarter worth $203,000. Finally, Global Retirement Partners LLC increased its holdings in shares of VanEck Intermediate Muni ETF by 101.4% during the fourth quarter. Global Retirement Partners LLC now owns 5,144 shares of the company’s stock worth $240,000 after buying an additional 2,590 shares in the last quarter.

VanEck Intermediate Muni ETF Stock Down 0.1 %

BATS ITM traded down $0.03 on Wednesday, reaching $46.12. The company had a trading volume of 139,322 shares. The business has a fifty day moving average price of $45.89 and a 200 day moving average price of $46.20.

VanEck Intermediate Muni ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were given a dividend of $0.1023 per share. The ex-dividend date of this dividend was Monday, July 1st.

VanEck Intermediate Muni ETF 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.