Avidian Wealth Enterprises LLC Trims Stock Holdings in VanEck Intermediate Muni ETF (BATS:ITM)

Avidian Wealth Enterprises LLC lessened its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 441,292 shares of the company’s stock after selling 13,291 shares during the quarter. VanEck Intermediate Muni ETF makes up approximately 0.9% of Avidian Wealth Enterprises LLC’s holdings, making the stock its 22nd largest holding. Avidian Wealth Enterprises LLC owned 1.12% of VanEck Intermediate Muni ETF worth $20,344,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. HTLF Bank increased its stake in VanEck Intermediate Muni ETF by 20.7% during the third quarter. HTLF Bank now owns 1,271,148 shares of the company’s stock worth $59,680,000 after acquiring an additional 218,233 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of VanEck Intermediate Muni ETF during the 3rd quarter worth about $3,551,000. CX Institutional increased its position in VanEck Intermediate Muni ETF by 8.5% during the 4th quarter. CX Institutional now owns 738,357 shares of the company’s stock worth $34,038,000 after purchasing an additional 58,129 shares in the last quarter. Park Avenue Securities LLC raised its holdings in VanEck Intermediate Muni ETF by 67.5% in the fourth quarter. Park Avenue Securities LLC now owns 128,152 shares of the company’s stock valued at $5,908,000 after buying an additional 51,628 shares during the period. Finally, OLD National Bancorp IN lifted its position in VanEck Intermediate Muni ETF by 16.4% during the fourth quarter. OLD National Bancorp IN now owns 250,100 shares of the company’s stock valued at $11,530,000 after buying an additional 35,162 shares in the last quarter.

VanEck Intermediate Muni ETF Stock Up 1.2 %

ITM opened at $46.12 on Wednesday. The stock’s 50-day simple moving average is $46.12 and its 200 day simple moving average is $46.34.

VanEck Intermediate Muni ETF Increases Dividend

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

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.