VanEck Intermediate Muni ETF (BATS:ITM) Position Trimmed by Merit Financial Group LLC

Merit Financial Group LLC lessened its holdings in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,611 shares of the company’s stock after selling 585 shares during the quarter. Merit Financial Group LLC’s holdings in VanEck Intermediate Muni ETF were worth $452,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ITM. HTLF Bank purchased a new position in VanEck Intermediate Muni ETF during the 4th quarter valued at about $46,179,000. Willis Johnson & Associates Inc. bought a new stake in shares of VanEck Intermediate Muni ETF in the 4th quarter valued at approximately $19,403,000. UBS Group AG grew its stake in shares of VanEck Intermediate Muni ETF by 57.6% in the 3rd quarter. UBS Group AG now owns 633,530 shares of the company’s stock valued at $27,939,000 after buying an additional 231,515 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of VanEck Intermediate Muni ETF by 21.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 721,004 shares of the company’s stock valued at $31,796,000 after buying an additional 129,229 shares in the last quarter. Finally, Mather Group LLC. grew its stake in shares of VanEck Intermediate Muni ETF by 45.6% in the 4th quarter. Mather Group LLC. now owns 356,778 shares of the company’s stock valued at $16,779,000 after buying an additional 111,685 shares in the last quarter.

VanEck Intermediate Muni ETF Price Performance

Shares of BATS ITM opened at $46.10 on Wednesday. The firm has a 50 day moving average price of $46.26 and a 200 day moving average price of $46.06.

VanEck Intermediate Muni ETF Increases Dividend

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

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.