Cwm LLC Sells 11,521 Shares of VanEck Intermediate Muni ETF (BATS:ITM)

Cwm LLC decreased its holdings in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 28.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,083 shares of the company’s stock after selling 11,521 shares during the quarter. Cwm LLC owned 0.07% of VanEck Intermediate Muni ETF worth $1,368,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ITM. Blue Trust Inc. bought a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter valued at approximately $35,000. Carmel Capital Partners LLC bought a new position in shares of VanEck Intermediate Muni ETF during the third quarter valued at approximately $62,000. Regent Peak Wealth Advisors LLC bought a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter valued at approximately $203,000. Kingsview Wealth Management LLC bought a new position in shares of VanEck Intermediate Muni ETF during the third quarter valued at approximately $213,000. Finally, Cary Street Partners Investment Advisory LLC grew its stake in shares of VanEck Intermediate Muni ETF by 28.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 5,079 shares of the company’s stock valued at $224,000 after buying an additional 1,112 shares during the last quarter.

VanEck Intermediate Muni ETF Stock Performance

ITM opened at $45.80 on Friday. The company’s 50 day simple moving average is $46.35 and its 200 day simple moving average is $45.94.

VanEck Intermediate Muni ETF Increases Dividend

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

VanEck Intermediate Muni ETF 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.