Wealthspire Advisors LLC Sells 14,001 Shares of VanEck Intermediate Muni ETF (BATS:ITM)

Wealthspire Advisors LLC cut its holdings in VanEck Intermediate Muni ETF (BATS:ITM) by 50.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,001 shares of the company’s stock after selling 14,001 shares during the period. Wealthspire Advisors LLC’s holdings in VanEck Intermediate Muni ETF were worth $645,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ITM. First Horizon Advisors Inc. bought a new stake in VanEck Intermediate Muni ETF in the fourth quarter worth approximately $756,000. Davidson Investment Advisors grew its position in shares of VanEck Intermediate Muni ETF by 7.5% during the 4th quarter. Davidson Investment Advisors now owns 335,364 shares of the company’s stock worth $15,460,000 after buying an additional 23,412 shares during the period. Atria Wealth Solutions Inc. increased its stake in shares of VanEck Intermediate Muni ETF by 6.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 4,563 shares of the company’s stock valued at $210,000 after acquiring an additional 296 shares in the last quarter. Truist Financial Corp lifted its position in shares of VanEck Intermediate Muni ETF by 21.1% during the 4th quarter. Truist Financial Corp now owns 97,894 shares of the company’s stock valued at $4,513,000 after acquiring an additional 17,059 shares during the period. Finally, Principal Securities Inc. boosted its stake in VanEck Intermediate Muni ETF by 26.3% during the fourth quarter. Principal Securities Inc. now owns 65,868 shares of the company’s stock worth $3,037,000 after acquiring an additional 13,721 shares in the last quarter.

VanEck Intermediate Muni ETF Stock Up 2.2 %

ITM opened at $46.58 on Wednesday. The firm has a fifty day moving average of $46.05 and a two-hundred day moving average of $46.33.

VanEck Intermediate Muni ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a $0.11 dividend. This is a positive change from VanEck Intermediate Muni ETF’s previous dividend of $0.11. The ex-dividend date was Monday, February 3rd.

About VanEck Intermediate Muni ETF

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.