Foster & Motley Inc. Has $352,000 Stock Holdings in VanEck Intermediate Muni ETF (BATS:ITM)

Foster & Motley Inc. decreased its stake in VanEck Intermediate Muni ETF (BATS:ITM) by 20.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,494 shares of the company’s stock after selling 1,924 shares during the quarter. Foster & Motley Inc.’s holdings in VanEck Intermediate Muni ETF were worth $352,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ITM. Blue Trust Inc. acquired a new position in shares of VanEck Intermediate Muni ETF in the fourth quarter worth about $35,000. Cornerstone Wealth Management LLC grew its position in VanEck Intermediate Muni ETF by 5.0% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 67,668 shares of the company’s stock worth $2,984,000 after purchasing an additional 3,223 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in VanEck Intermediate Muni ETF by 21.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 721,004 shares of the company’s stock valued at $31,796,000 after purchasing an additional 129,229 shares during the period. Willis Johnson & Associates Inc. purchased a new stake in shares of VanEck Intermediate Muni ETF in the fourth quarter valued at $19,403,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of VanEck Intermediate Muni ETF by 188.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 30,770 shares of the company’s stock worth $1,447,000 after buying an additional 20,110 shares during the period.

VanEck Intermediate Muni ETF Trading Up 0.0 %

BATS:ITM opened at $45.92 on Thursday. The company’s fifty day simple moving average is $46.38 and its two-hundred day simple moving average is $45.92.

VanEck Intermediate Muni ETF Increases Dividend

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

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.