Cornerstone Wealth Management LLC Boosts Stock Position in VanEck Intermediate Muni ETF (BATS:ITM)

Cornerstone Wealth Management LLC increased its holdings in VanEck Intermediate Muni ETF (BATS:ITM) by 10.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 57,568 shares of the company’s stock after acquiring an additional 5,361 shares during the period. Cornerstone Wealth Management LLC owned approximately 0.15% of VanEck Intermediate Muni ETF worth $2,677,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Pacific Capital Wealth Advisors Inc. purchased a new position in VanEck Intermediate Muni ETF in the fourth quarter worth approximately $29,000. CFS Investment Advisory Services LLC boosted its position in shares of VanEck Intermediate Muni ETF by 6.8% during the fourth quarter. CFS Investment Advisory Services LLC now owns 10,298 shares of the company’s stock worth $484,000 after buying an additional 655 shares during the period. Private Trust Co. NA boosted its position in shares of VanEck Intermediate Muni ETF by 6.9% during the fourth quarter. Private Trust Co. NA now owns 11,380 shares of the company’s stock worth $535,000 after buying an additional 735 shares during the period. Granite Harbor Advisors Inc. boosted its position in shares of VanEck Intermediate Muni ETF by 1.6% during the third quarter. Granite Harbor Advisors Inc. now owns 48,575 shares of the company’s stock worth $2,142,000 after buying an additional 749 shares during the period. Finally, Blue Trust Inc. purchased a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter worth $35,000.

VanEck Intermediate Muni ETF Stock Up 0.3 %

ITM opened at $45.96 on Friday. The stock’s 50 day moving average price is $45.85 and its two-hundred day moving average price is $46.29.

VanEck Intermediate Muni ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, July 1st will be given a dividend of $0.1023 per share. The ex-dividend date is Monday, July 1st.

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.