VanEck Intermediate Muni ETF (BATS:ITM) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 28.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,207,979 shares of the company’s stock after acquiring an additional 264,717 shares during the period. Envestnet Asset Management Inc. owned 3.07% of VanEck Intermediate Muni ETF worth $55,688,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC grew its stake in shares of VanEck Intermediate Muni ETF by 1.8% in the 3rd quarter. HighTower Advisors LLC now owns 64,133 shares of the company’s stock valued at $3,010,000 after purchasing an additional 1,150 shares during the last quarter. Private Trust Co. NA boosted its stake in shares of VanEck Intermediate Muni ETF by 11.5% in the fourth quarter. Private Trust Co. NA now owns 12,833 shares of the company’s stock valued at $592,000 after buying an additional 1,320 shares in the last quarter. US Bancorp DE boosted its position in VanEck Intermediate Muni ETF by 9,260.7% during the fourth quarter. US Bancorp DE now owns 28,082 shares of the company’s stock worth $1,295,000 after purchasing an additional 27,782 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in VanEck Intermediate Muni ETF during the fourth quarter worth $89,000. Finally, Stifel Financial Corp boosted its position in VanEck Intermediate Muni ETF by 2.7% during the third quarter. Stifel Financial Corp now owns 333,342 shares of the company’s stock worth $15,650,000 after purchasing an additional 8,837 shares in the last quarter.

VanEck Intermediate Muni ETF Trading Down 1.9 %

ITM opened at $44.71 on Thursday. The business’s fifty day moving average is $45.89 and its two-hundred day moving average is $46.13. VanEck Intermediate Muni ETF has a one year low of $43.42 and a one year high of $47.01.

VanEck Intermediate Muni ETF Cuts Dividend

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

VanEck Intermediate Muni ETF Company 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.