Choreo LLC Has $813,000 Holdings in VanEck Intermediate Muni ETF $ITM

Choreo LLC decreased its stake in VanEck Intermediate Muni ETF (BATS:ITM) by 54.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,450 shares of the company’s stock after selling 21,114 shares during the period. Choreo LLC’s holdings in VanEck Intermediate Muni ETF were worth $813,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ITM. AQR Capital Management LLC bought a new stake in VanEck Intermediate Muni ETF in the 1st quarter valued at $247,000. First Horizon Advisors Inc. increased its holdings in shares of VanEck Intermediate Muni ETF by 9.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 5,242 shares of the company’s stock worth $238,000 after purchasing an additional 445 shares during the period. Midwest Trust Co acquired a new position in shares of VanEck Intermediate Muni ETF during the second quarter valued at about $1,778,000. Vise Technologies Inc. bought a new stake in shares of VanEck Intermediate Muni ETF in the second quarter valued at about $2,062,000. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of VanEck Intermediate Muni ETF by 81.3% in the second quarter. Rockefeller Capital Management L.P. now owns 35,676 shares of the company’s stock valued at $1,622,000 after buying an additional 16,001 shares during the period.

VanEck Intermediate Muni ETF Stock Performance

Shares of ITM opened at $47.47 on Wednesday. VanEck Intermediate Muni ETF has a 12-month low of $43.42 and a 12-month high of $48.02. The stock’s 50-day moving average price is $47.47 and its 200 day moving average price is $46.96.

VanEck Intermediate Muni ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.1043 per share. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, March 2nd.

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.