VanEck Intermediate Muni ETF (BATS:ITM) Stock Position Lessened by 1620 Investment Advisors Inc.

1620 Investment Advisors Inc. decreased its holdings in VanEck Intermediate Muni ETF (BATS:ITM) by 7.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,339 shares of the company’s stock after selling 2,405 shares during the quarter. VanEck Intermediate Muni ETF accounts for approximately 1.0% of 1620 Investment Advisors Inc.’s holdings, making the stock its 20th largest position. 1620 Investment Advisors Inc. owned approximately 0.07% of VanEck Intermediate Muni ETF worth $1,306,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ITM. HighTower Advisors LLC boosted its stake in VanEck Intermediate Muni ETF by 468.5% during the fourth quarter. HighTower Advisors LLC now owns 364,622 shares of the company’s stock valued at $16,809,000 after buying an additional 300,489 shares in the last quarter. Raymond James Financial Inc. bought a new position in VanEck Intermediate Muni ETF during the fourth quarter valued at about $7,250,000. World Investment Advisors LLC bought a new position in VanEck Intermediate Muni ETF during the third quarter valued at about $3,551,000. TD Private Client Wealth LLC boosted its stake in VanEck Intermediate Muni ETF by 3,361.2% during the fourth quarter. TD Private Client Wealth LLC now owns 64,725 shares of the company’s stock valued at $2,984,000 after buying an additional 62,855 shares in the last quarter. Finally, CX Institutional boosted its stake in VanEck Intermediate Muni ETF by 8.5% during the fourth quarter. CX Institutional now owns 738,357 shares of the company’s stock valued at $34,038,000 after buying an additional 58,129 shares in the last quarter.

VanEck Intermediate Muni ETF Stock Up 0.6 %

Shares of ITM stock opened at $45.84 on Friday. The stock has a 50-day simple moving average of $46.09 and a 200 day simple moving average of $46.30. VanEck Intermediate Muni ETF has a fifty-two week low of $45.28 and a fifty-two week high of $47.01.

VanEck Intermediate Muni ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.0985 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.