VanEck Intermediate Muni ETF (BATS:ITM) Shares Sold by Clearwater Capital Advisors LLC

Clearwater Capital Advisors LLC trimmed its stake in VanEck Intermediate Muni ETF (BATS:ITM) by 4.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,676 shares of the company’s stock after selling 517 shares during the quarter. Clearwater Capital Advisors LLC’s holdings in VanEck Intermediate Muni ETF were worth $543,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Advisors Preferred LLC acquired a new position in shares of VanEck Intermediate Muni ETF in the 1st quarter worth $10,313,000. Avidian Wealth Solutions LLC raised its position in VanEck Intermediate Muni ETF by 21.1% during the first quarter. Avidian Wealth Solutions LLC now owns 463,655 shares of the company’s stock valued at $21,565,000 after buying an additional 80,719 shares during the period. Rehmann Capital Advisory Group raised its position in VanEck Intermediate Muni ETF by 7.3% during the first quarter. Rehmann Capital Advisory Group now owns 57,861 shares of the company’s stock valued at $2,691,000 after buying an additional 3,943 shares during the period. Financial Counselors Inc. raised its position in VanEck Intermediate Muni ETF by 51.2% during the first quarter. Financial Counselors Inc. now owns 39,971 shares of the company’s stock valued at $1,859,000 after buying an additional 13,532 shares during the period. Finally, Granite Harbor Advisors Inc. raised its position in VanEck Intermediate Muni ETF by 0.9% during the first quarter. Granite Harbor Advisors Inc. now owns 47,930 shares of the company’s stock valued at $2,229,000 after buying an additional 438 shares during the period.

VanEck Intermediate Muni ETF Trading Down 0.1 %

BATS:ITM traded down $0.05 during trading hours on Thursday, hitting $46.19. 108,792 shares of the company’s stock traded hands. The stock has a fifty day moving average price of $45.89 and a two-hundred day moving average price of $46.23.

VanEck Intermediate Muni ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were given a dividend of $0.1023 per share. The ex-dividend date was Monday, July 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.