VanEck Intermediate Muni ETF (BATS:ITM) Declares Dividend Increase – $0.11 Per Share

VanEck Intermediate Muni ETF (BATS:ITM) declared a dividend on Friday, January 31st,NASDAQ Dividends reports. Shareholders of record on Monday, February 3rd will be paid a dividend of 0.11 per share on Thursday, February 6th. The ex-dividend date of this dividend is Monday, February 3rd. This is a positive change from VanEck Intermediate Muni ETF’s previous dividend of $0.11.

VanEck Intermediate Muni ETF Stock Performance

Shares of ITM traded up $0.48 during mid-day trading on Friday, hitting $46.04. 426,709 shares of the company’s stock were exchanged. The company has a fifty day moving average of $46.16 and a 200-day moving average of $46.34.

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.