LPL Financial LLC Acquires 190,989 Shares of VanEck Intermediate Muni ETF (BATS:ITM)

LPL Financial LLC grew its holdings in VanEck Intermediate Muni ETF (BATS:ITM) by 12.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,771,835 shares of the company’s stock after purchasing an additional 190,989 shares during the period. LPL Financial LLC’s holdings in VanEck Intermediate Muni ETF were worth $81,682,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ITM. Wingate Wealth Advisors Inc. purchased a new position in VanEck Intermediate Muni ETF in the 4th quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB purchased a new position in shares of VanEck Intermediate Muni ETF in the third quarter valued at $43,000. Park Place Capital Corp bought a new stake in shares of VanEck Intermediate Muni ETF during the 4th quarter valued at $68,000. Avior Wealth Management LLC lifted its holdings in VanEck Intermediate Muni ETF by 65.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,688 shares of the company’s stock worth $78,000 after purchasing an additional 666 shares in the last quarter. Finally, PNC Financial Services Group Inc. bought a new position in VanEck Intermediate Muni ETF in the 4th quarter worth about $89,000.

VanEck Intermediate Muni ETF Trading Up 0.1 %

Shares of ITM opened at $45.61 on Wednesday. VanEck Intermediate Muni ETF has a twelve month low of $45.28 and a twelve month high of $47.01. The business’s 50-day moving average price is $46.08 and its 200-day moving average price is $46.28.

VanEck Intermediate Muni ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Investors 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.

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.