Private Advisor Group LLC Lowers Stock Position in VanEck Intermediate Muni ETF (BATS:ITM)

Private Advisor Group LLC cut its position in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 4.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,803 shares of the company’s stock after selling 726 shares during the quarter. Private Advisor Group LLC’s holdings in VanEck Intermediate Muni ETF were worth $724,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in VanEck Intermediate Muni ETF during the second quarter worth about $44,000. Aspire Private Capital LLC grew its position in shares of VanEck Intermediate Muni ETF by 74.2% during the 2nd quarter. Aspire Private Capital LLC now owns 1,495 shares of the company’s stock valued at $69,000 after acquiring an additional 637 shares during the period. Cetera Advisors LLC increased its stake in shares of VanEck Intermediate Muni ETF by 25.7% during the 1st quarter. Cetera Advisors LLC now owns 5,495 shares of the company’s stock worth $256,000 after purchasing an additional 1,125 shares during the last quarter. &PARTNERS bought a new stake in shares of VanEck Intermediate Muni ETF in the 2nd quarter worth approximately $267,000. Finally, Summit Financial LLC purchased a new position in VanEck Intermediate Muni ETF in the second quarter valued at approximately $322,000.

VanEck Intermediate Muni ETF Price Performance

BATS:ITM opened at $46.88 on Wednesday. The stock has a 50-day moving average price of $46.44 and a two-hundred day moving average price of $46.18.

VanEck Intermediate Muni ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a $0.105 dividend. The ex-dividend date was Tuesday, September 3rd. This is a positive change from VanEck Intermediate Muni ETF’s previous dividend of $0.10.

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.