Flputnam Investment Management Co. Has $276,000 Position in VanEck Intermediate Muni ETF (BATS:ITM)

Flputnam Investment Management Co. lessened its position in VanEck Intermediate Muni ETF (BATS:ITM) by 12.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,863 shares of the company’s stock after selling 798 shares during the period. Flputnam Investment Management Co.’s holdings in VanEck Intermediate Muni ETF were worth $276,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ITM. BNP Paribas Arbitrage SNC bought a new position in VanEck Intermediate Muni ETF during the 2nd quarter valued at about $31,000. Blue Trust Inc. acquired a new stake in shares of VanEck Intermediate Muni ETF during the fourth quarter worth approximately $35,000. Carmel Capital Partners LLC acquired a new stake in shares of VanEck Intermediate Muni ETF during the third quarter worth approximately $62,000. PNC Financial Services Group Inc. raised its stake in shares of VanEck Intermediate Muni ETF by 633.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,818 shares of the company’s stock valued at $83,000 after acquiring an additional 1,570 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its holdings in shares of VanEck Intermediate Muni ETF by 213.3% in the 1st quarter. Westside Investment Management Inc. now owns 2,350 shares of the company’s stock worth $109,000 after acquiring an additional 1,600 shares in the last quarter.

VanEck Intermediate Muni ETF Stock Performance

BATS ITM opened at $45.93 on Friday. The stock’s 50 day simple moving average is $46.42 and its 200 day simple moving average is $45.85.

VanEck Intermediate Muni ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.111 per share. The ex-dividend date of this dividend was Monday, April 1st. This is a boost from VanEck Intermediate Muni ETF’s previous dividend of $0.09.

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.