NewEdge Advisors LLC Purchases 106,641 Shares of VanEck Intermediate Muni ETF (BATS:ITM)

NewEdge Advisors LLC increased its position in VanEck Intermediate Muni ETF (BATS:ITM) by 150.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,644 shares of the company’s stock after buying an additional 106,641 shares during the period. NewEdge Advisors LLC owned 0.45% of VanEck Intermediate Muni ETF worth $8,143,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Creative Planning boosted its position in shares of VanEck Intermediate Muni ETF by 28.3% during the 2nd quarter. Creative Planning now owns 18,501 shares of the company’s stock valued at $848,000 after acquiring an additional 4,079 shares during the last quarter. Sargent Investment Group LLC increased its holdings in shares of VanEck Intermediate Muni ETF by 5.4% in the 2nd quarter. Sargent Investment Group LLC now owns 6,780 shares of the company’s stock worth $311,000 after buying an additional 348 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of VanEck Intermediate Muni ETF by 18.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 988,662 shares of the company’s stock worth $45,320,000 after buying an additional 157,446 shares during the last quarter. Condor Capital Management raised its position in shares of VanEck Intermediate Muni ETF by 5.1% during the 2nd quarter. Condor Capital Management now owns 219,894 shares of the company’s stock valued at $10,080,000 after buying an additional 10,748 shares in the last quarter. Finally, Hardin Capital Partners LLC bought a new position in shares of VanEck Intermediate Muni ETF in the 2nd quarter valued at about $227,000.

VanEck Intermediate Muni ETF Trading Down 0.1 %

Shares of BATS ITM opened at $46.95 on Tuesday. The stock’s fifty day moving average is $46.57 and its 200 day moving average is $46.20.

VanEck Intermediate Muni ETF Increases Dividend

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

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.