Merit Financial Group LLC Has $452,000 Position in VanEck Intermediate Muni ETF (BATS:ITM)

Posted by Samantha Reynolds on May 8th, 2024

Merit Financial Group LLC lowered its holdings in shares of VanEck Intermediate Muni ETF (BATS:ITM – Free Report) by 5.7% during the fourth quarter, HoldingsChannel reports. The firm owned 9,611 shares of the company’s stock after selling 585 shares during the quarter. Merit Financial Group LLC’s holdings in VanEck Intermediate Muni ETF were worth $452,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. acquired a new stake in shares of VanEck Intermediate Muni ETF during the fourth quarter worth about $35,000. First Horizon Advisors Inc. acquired a new stake in shares of VanEck Intermediate Muni ETF during the fourth quarter worth about $52,000. Carmel Capital Partners LLC acquired a new stake in shares of VanEck Intermediate Muni ETF during the third quarter worth about $62,000. Regent Peak Wealth Advisors LLC acquired a new stake in shares of VanEck Intermediate Muni ETF during the fourth quarter worth about $203,000. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of VanEck Intermediate Muni ETF during the third quarter worth about $213,000.

VanEck Intermediate Muni ETF Trading Up 0.3 %

BATS ITM opened at $46.10 on Wednesday. The stock’s 50 day simple moving average is $46.26 and its 200-day simple moving average is $46.06.

VanEck Intermediate Muni ETF Increases Dividend

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

About VanEck Intermediate Muni ETF

(Free Report)

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.