Cwm LLC Decreases Stock Holdings in VanEck Intermediate Muni ETF (BATS:ITM)

Cwm LLC trimmed its holdings in VanEck Intermediate Muni ETF (BATS:ITM) by 28.4% during the fourth quarter, HoldingsChannel reports. The firm owned 29,083 shares of the company’s stock after selling 11,521 shares during the period. Cwm LLC’s holdings in VanEck Intermediate Muni ETF were worth $1,368,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of ITM. Private Trust Co. NA lifted its stake in VanEck Intermediate Muni ETF by 1,849.6% in the 3rd quarter. Private Trust Co. NA now owns 10,645 shares of the company’s stock worth $469,000 after purchasing an additional 10,099 shares in the last quarter. Strategic Blueprint LLC lifted its stake in VanEck Intermediate Muni ETF by 129.9% in the 3rd quarter. Strategic Blueprint LLC now owns 10,718 shares of the company’s stock worth $473,000 after purchasing an additional 6,056 shares in the last quarter. Park Avenue Securities LLC lifted its stake in VanEck Intermediate Muni ETF by 16.7% in the 3rd quarter. Park Avenue Securities LLC now owns 55,461 shares of the company’s stock worth $2,446,000 after purchasing an additional 7,919 shares in the last quarter. Gradient Investments LLC lifted its stake in VanEck Intermediate Muni ETF by 27.3% in the 3rd quarter. Gradient Investments LLC now owns 8,850 shares of the company’s stock worth $390,000 after purchasing an additional 1,899 shares in the last quarter. Finally, Dubuque Bank & Trust Co lifted its stake in VanEck Intermediate Muni ETF by 7.0% in the 3rd quarter. Dubuque Bank & Trust Co now owns 838,583 shares of the company’s stock worth $36,982,000 after purchasing an additional 55,134 shares in the last quarter.

VanEck Intermediate Muni ETF Price Performance

Shares of BATS ITM opened at $45.80 on Friday. The business’s 50-day moving average price is $46.35 and its 200 day moving average price is $45.94.

VanEck Intermediate Muni ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, April 5th. Stockholders 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

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.