VanEck Intermediate Muni ETF (BATS:ITM) Holdings Cut by Sargent Investment Group LLC

Sargent Investment Group LLC reduced its holdings in VanEck Intermediate Muni ETF (BATS:ITM) by 5.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,432 shares of the company’s stock after selling 348 shares during the quarter. Sargent Investment Group LLC’s holdings in VanEck Intermediate Muni ETF were worth $302,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Kennebec Savings Bank bought a new position in VanEck Intermediate Muni ETF during the third quarter worth about $152,000. Baker Avenue Asset Management LP raised its stake in VanEck Intermediate Muni ETF by 13.5% in the third quarter. Baker Avenue Asset Management LP now owns 17,703 shares of the company’s stock worth $831,000 after buying an additional 2,104 shares in the last quarter. Avidian Wealth Enterprises LLC increased its position in VanEck Intermediate Muni ETF by 0.8% during the third quarter. Avidian Wealth Enterprises LLC now owns 454,583 shares of the company’s stock valued at $21,343,000 after acquiring an additional 3,647 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of VanEck Intermediate Muni ETF by 194.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 891 shares of the company’s stock valued at $42,000 after buying an additional 588 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of VanEck Intermediate Muni ETF by 0.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 802,854 shares of the company’s stock valued at $37,694,000 after purchasing an additional 3,817 shares in the last quarter.

VanEck Intermediate Muni ETF Stock Down 0.0 %

Shares of ITM traded down $0.01 during midday trading on Thursday, hitting $46.07. 237,348 shares of the stock were exchanged. The stock’s 50-day moving average is $46.51 and its two-hundred day moving average is $46.23.

VanEck Intermediate Muni ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders 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 an increase from VanEck Intermediate Muni ETF’s previous dividend of $0.10.

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.