VanEck Intermediate Muni ETF (BATS:ITM) Shares Sold by Cerity Partners LLC

Cerity Partners LLC cut its position in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 16.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 129,178 shares of the company’s stock after selling 26,127 shares during the period. Cerity Partners LLC’s holdings in VanEck Intermediate Muni ETF were worth $6,075,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ITM. BNP Paribas Arbitrage SNC acquired a new position in shares of VanEck Intermediate Muni ETF in the second quarter worth $31,000. Blue Trust Inc. acquired a new position in shares of VanEck Intermediate Muni ETF in the fourth quarter worth $35,000. Carmel Capital Partners LLC acquired a new position in shares of VanEck Intermediate Muni ETF in the third quarter worth $62,000. PNC Financial Services Group Inc. raised its holdings in shares of VanEck Intermediate Muni ETF by 633.1% in the fourth 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 holdings in shares of VanEck Intermediate Muni ETF by 213.3% in the first quarter. Westside Investment Management Inc. now owns 2,350 shares of the company’s stock worth $109,000 after acquiring an additional 1,600 shares during the last quarter.

VanEck Intermediate Muni ETF Stock Down 0.2 %

BATS ITM opened at $45.86 on Wednesday. The business has a fifty day moving average of $46.44 and a two-hundred day moving average of $45.85.

VanEck Intermediate Muni ETF Increases Dividend

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