Northwestern Mutual Wealth Management Co. Sells 309,783 Shares of VanEck Intermediate Muni ETF (BATS:ITM)

Northwestern Mutual Wealth Management Co. cut its position in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 10.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,739,830 shares of the company’s stock after selling 309,783 shares during the period. Northwestern Mutual Wealth Management Co. owned 6.96% of VanEck Intermediate Muni ETF worth $125,594,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. US Bancorp DE lifted its holdings in VanEck Intermediate Muni ETF by 110.4% during the 4th quarter. US Bancorp DE now owns 29,716 shares of the company’s stock valued at $1,398,000 after purchasing an additional 15,591 shares during the last quarter. Stifel Financial Corp raised its position in shares of VanEck Intermediate Muni ETF by 97.9% in the fourth quarter. Stifel Financial Corp now owns 333,607 shares of the company’s stock valued at $15,690,000 after purchasing an additional 165,058 shares during the period. Annex Advisory Services LLC acquired a new stake in shares of VanEck Intermediate Muni ETF during the 4th quarter worth about $4,993,000. CFS Investment Advisory Services LLC boosted its holdings in shares of VanEck Intermediate Muni ETF by 6.8% during the 4th quarter. CFS Investment Advisory Services LLC now owns 10,298 shares of the company’s stock worth $484,000 after buying an additional 655 shares during the period. Finally, Retirement Capital Strategies acquired a new position in VanEck Intermediate Muni ETF in the 4th quarter valued at about $1,011,000.

VanEck Intermediate Muni ETF Trading Up 0.4 %

VanEck Intermediate Muni ETF stock opened at $47.01 on Friday. The firm has a fifty day moving average of $46.55 and a 200-day moving average of $46.20.

VanEck Intermediate Muni ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.105 per share. This is a boost from VanEck Intermediate Muni ETF’s previous dividend of $0.10. The ex-dividend date was Tuesday, September 3rd.

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.