Raymond James Financial Inc. Invests $7.25 Million in VanEck Intermediate Muni ETF (BATS:ITM)

Raymond James Financial Inc. purchased a new position in VanEck Intermediate Muni ETF (BATS:ITM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 157,261 shares of the company’s stock, valued at approximately $7,250,000. Raymond James Financial Inc. owned about 0.40% of VanEck Intermediate Muni ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ITM. Thrivent Financial for Lutherans boosted its stake in shares of VanEck Intermediate Muni ETF by 19.9% in the third quarter. Thrivent Financial for Lutherans now owns 101,489 shares of the company’s stock worth $4,765,000 after acquiring an additional 16,848 shares during the last quarter. Avior Wealth Management LLC purchased a new position in VanEck Intermediate Muni ETF during the third quarter worth approximately $48,000. Kingsview Wealth Management LLC lifted its position in VanEck Intermediate Muni ETF by 4.1% during the third quarter. Kingsview Wealth Management LLC now owns 8,413 shares of the company’s stock worth $395,000 after buying an additional 335 shares in the last quarter. Financial Counselors Inc. lifted its position in VanEck Intermediate Muni ETF by 0.7% during the third quarter. Financial Counselors Inc. now owns 37,750 shares of the company’s stock worth $1,772,000 after buying an additional 253 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in VanEck Intermediate Muni ETF by 1.8% during the third quarter. HighTower Advisors LLC now owns 64,133 shares of the company’s stock worth $3,010,000 after buying an additional 1,150 shares in the last quarter.

VanEck Intermediate Muni ETF Trading Up 0.5 %

Shares of VanEck Intermediate Muni ETF stock opened at $45.80 on Monday. VanEck Intermediate Muni ETF has a one year low of $45.28 and a one year high of $47.01. The business’s 50 day moving average price is $46.08 and its 200 day moving average price is $46.29.

VanEck Intermediate Muni ETF Cuts Dividend

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

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.