VanEck Intermediate Muni ETF (BATS:ITM) Shares Sold by Aveo Capital Partners LLC

Aveo Capital Partners LLC trimmed its stake in VanEck Intermediate Muni ETF (BATS:ITM) by 4.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,113 shares of the company’s stock after selling 539 shares during the quarter. Aveo Capital Partners LLC’s holdings in VanEck Intermediate Muni ETF were worth $509,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ITM. International Assets Investment Management LLC purchased a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter valued at $1,865,000. Atria Wealth Solutions Inc. purchased a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter valued at $254,000. First Horizon Advisors Inc. purchased a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter valued at $52,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of VanEck Intermediate Muni ETF by 31.8% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 24,274 shares of the company’s stock valued at $1,142,000 after buying an additional 5,863 shares in the last quarter. Finally, Principal Securities Inc. purchased a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter valued at $2,144,000.

VanEck Intermediate Muni ETF Trading Up 0.1 %

Shares of ITM stock opened at $46.58 on Thursday. The company’s fifty day simple moving average is $46.28 and its two-hundred day simple moving average is $46.18.

VanEck Intermediate Muni ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.105 per share. This is an increase from VanEck Intermediate Muni ETF’s previous dividend of $0.10. The ex-dividend date of this dividend is Tuesday, September 3rd.

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.