US Bancorp DE Raises Position in VanEck Intermediate Muni ETF (BATS:ITM)

US Bancorp DE grew its holdings in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 9,260.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,082 shares of the company’s stock after purchasing an additional 27,782 shares during the period. US Bancorp DE owned approximately 0.07% of VanEck Intermediate Muni ETF worth $1,295,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of VanEck Intermediate Muni ETF by 0.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 807,035 shares of the company’s stock valued at $37,890,000 after purchasing an additional 4,181 shares during the last quarter. CX Institutional lifted its holdings in shares of VanEck Intermediate Muni ETF by 8.5% during the 4th quarter. CX Institutional now owns 738,357 shares of the company’s stock valued at $34,038,000 after purchasing an additional 58,129 shares during the last quarter. Davidson Investment Advisors lifted its holdings in shares of VanEck Intermediate Muni ETF by 7.5% during the 4th quarter. Davidson Investment Advisors now owns 335,364 shares of the company’s stock valued at $15,460,000 after purchasing an additional 23,412 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of VanEck Intermediate Muni ETF by 2.7% during the 3rd quarter. Stifel Financial Corp now owns 333,342 shares of the company’s stock valued at $15,650,000 after purchasing an additional 8,837 shares during the last quarter. Finally, OLD National Bancorp IN raised its stake in VanEck Intermediate Muni ETF by 16.4% in the 4th quarter. OLD National Bancorp IN now owns 250,100 shares of the company’s stock worth $11,530,000 after acquiring an additional 35,162 shares during the last quarter.

VanEck Intermediate Muni ETF Stock Performance

Shares of ITM stock opened at $46.13 on Friday. The business has a fifty day moving average of $46.12 and a 200 day moving average of $46.33. VanEck Intermediate Muni ETF has a 1 year low of $45.28 and a 1 year high of $47.01.

VanEck Intermediate Muni ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.0985 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

VanEck Intermediate Muni ETF 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.