SteelPeak Wealth LLC Has $3.30 Million Position in VanEck Intermediate Muni ETF (BATS:ITM)

SteelPeak Wealth LLC increased its position in VanEck Intermediate Muni ETF (BATS:ITM) by 53.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 70,984 shares of the company’s stock after acquiring an additional 24,737 shares during the period. SteelPeak Wealth LLC’s holdings in VanEck Intermediate Muni ETF were worth $3,301,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. CFS Investment Advisory Services LLC grew its holdings in VanEck Intermediate Muni ETF by 6.8% during the fourth quarter. CFS Investment Advisory Services LLC now owns 10,298 shares of the company’s stock valued at $484,000 after purchasing an additional 655 shares during the last quarter. Blue Trust Inc. acquired a new position in VanEck Intermediate Muni ETF during the fourth quarter valued at approximately $35,000. Pacific Capital Wealth Advisors Inc. acquired a new position in VanEck Intermediate Muni ETF during the fourth quarter valued at approximately $29,000. Parkside Financial Bank & Trust grew its holdings in VanEck Intermediate Muni ETF by 7.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 33,561 shares of the company’s stock valued at $1,578,000 after purchasing an additional 2,227 shares during the last quarter. Finally, Brandywine Oak Private Wealth LLC grew its holdings in VanEck Intermediate Muni ETF by 2.5% during the fourth quarter. Brandywine Oak Private Wealth LLC now owns 131,369 shares of the company’s stock valued at $6,178,000 after purchasing an additional 3,231 shares during the last quarter.

VanEck Intermediate Muni ETF Trading Down 0.1 %

Shares of ITM traded down $0.06 during mid-day trading on Friday, hitting $45.84. The company’s stock had a trading volume of 115,277 shares. The business has a 50 day moving average of $45.85 and a 200-day moving average of $46.31.

VanEck Intermediate Muni ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, July 1st will be given a $0.1023 dividend. The ex-dividend date of this dividend is Monday, July 1st.

VanEck Intermediate Muni ETF Company 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.