VanEck Intermediate Muni ETF (BATS:ITM) Stock Holdings Lowered by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC trimmed its position in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 2.9% in the fourth quarter, HoldingsChannel reports. The firm owned 441,292 shares of the company’s stock after selling 13,291 shares during the period. VanEck Intermediate Muni ETF makes up 0.9% of Avidian Wealth Enterprises LLC’s investment portfolio, making the stock its 22nd largest position. Avidian Wealth Enterprises LLC’s holdings in VanEck Intermediate Muni ETF were worth $20,344,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wingate Wealth Advisors Inc. acquired a new position in VanEck Intermediate Muni ETF during the fourth quarter worth about $31,000. Farther Finance Advisors LLC grew its stake in shares of VanEck Intermediate Muni ETF by 194.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 891 shares of the company’s stock worth $42,000 after purchasing an additional 588 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of VanEck Intermediate Muni ETF in the 3rd quarter worth approximately $43,000. Avior Wealth Management LLC acquired a new stake in VanEck Intermediate Muni ETF during the third quarter valued at approximately $48,000. Finally, Darwin Wealth Management LLC bought a new stake in VanEck Intermediate Muni ETF during the third quarter worth approximately $53,000.

VanEck Intermediate Muni ETF Trading Up 1.2 %

BATS ITM opened at $46.12 on Wednesday. The firm has a 50-day moving average of $46.12 and a two-hundred day moving average of $46.34.

VanEck Intermediate Muni ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a $0.11 dividend. This is an increase from VanEck Intermediate Muni ETF’s previous dividend of $0.11. The ex-dividend date was Monday, February 3rd.

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.