VanEck Intermediate Muni ETF (BATS:ITM) Stake Reduced by Flputnam Investment Management Co.

Flputnam Investment Management Co. decreased its holdings in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 12.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,863 shares of the company’s stock after selling 798 shares during the period. Flputnam Investment Management Co.’s holdings in VanEck Intermediate Muni ETF were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SNC acquired a new stake in VanEck Intermediate Muni ETF during the second quarter valued at approximately $31,000. Blue Trust Inc. acquired a new stake in shares of VanEck Intermediate Muni ETF during the 4th quarter valued at $35,000. Carmel Capital Partners LLC bought a new stake in shares of VanEck Intermediate Muni ETF during the 3rd quarter worth $62,000. PNC Financial Services Group Inc. grew its holdings in shares of VanEck Intermediate Muni ETF by 633.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,818 shares of the company’s stock worth $83,000 after acquiring an additional 1,570 shares during the last quarter. Finally, Westside Investment Management Inc. raised its position in shares of VanEck Intermediate Muni ETF by 213.3% during the first quarter. Westside Investment Management Inc. now owns 2,350 shares of the company’s stock worth $109,000 after purchasing an additional 1,600 shares during the period.

VanEck Intermediate Muni ETF Price Performance

BATS:ITM opened at $45.93 on Friday. The company has a fifty day moving average of $46.42 and a two-hundred day moving average of $45.85.

VanEck Intermediate Muni ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a $0.111 dividend. This is a boost from VanEck Intermediate Muni ETF’s previous dividend of $0.09. The ex-dividend date of this dividend was Monday, April 1st.

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.