Granite Harbor Advisors Inc. Has $2.70 Million Stake in VanEck Intermediate Muni ETF (BATS:ITM)

Granite Harbor Advisors Inc. raised its position in VanEck Intermediate Muni ETF (BATS:ITM) by 10.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 57,459 shares of the company’s stock after purchasing an additional 5,244 shares during the period. VanEck Intermediate Muni ETF accounts for approximately 1.6% of Granite Harbor Advisors Inc.’s portfolio, making the stock its 19th largest position. Granite Harbor Advisors Inc. owned 0.15% of VanEck Intermediate Muni ETF worth $2,698,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in shares of VanEck Intermediate Muni ETF during the 2nd quarter valued at $44,000. Aspire Private Capital LLC grew its stake in shares of VanEck Intermediate Muni ETF by 74.2% in the 2nd quarter. Aspire Private Capital LLC now owns 1,495 shares of the company’s stock worth $69,000 after acquiring an additional 637 shares in the last quarter. Hardin Capital Partners LLC bought a new stake in shares of VanEck Intermediate Muni ETF in the 2nd quarter worth $227,000. Cetera Advisors LLC boosted its holdings in shares of VanEck Intermediate Muni ETF by 25.7% in the 1st quarter. Cetera Advisors LLC now owns 5,495 shares of the company’s stock worth $256,000 after buying an additional 1,125 shares during the last quarter. Finally, &PARTNERS purchased a new position in shares of VanEck Intermediate Muni ETF in the 2nd quarter worth about $267,000.

VanEck Intermediate Muni ETF Stock Performance

Shares of BATS:ITM traded down $0.01 during midday trading on Monday, reaching $46.62. The company had a trading volume of 149,840 shares. The stock has a 50-day simple moving average of $46.66 and a 200 day simple moving average of $46.21.

VanEck Intermediate Muni ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.105 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase from VanEck Intermediate Muni ETF’s previous dividend of $0.10.

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.