Parkside Financial Bank & Trust Buys 11,025 Shares of VanEck Intermediate Muni ETF (BATS:ITM)

Parkside Financial Bank & Trust boosted its stake in VanEck Intermediate Muni ETF (BATS:ITM) by 28.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,916 shares of the company’s stock after acquiring an additional 11,025 shares during the period. Parkside Financial Bank & Trust owned 0.13% of VanEck Intermediate Muni ETF worth $2,288,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Jane Street Group LLC bought a new position in VanEck Intermediate Muni ETF during the first quarter valued at $54,421,000. HTLF Bank increased its stake in shares of VanEck Intermediate Muni ETF by 1.2% in the second quarter. HTLF Bank now owns 1,052,915 shares of the company’s stock worth $48,266,000 after purchasing an additional 12,664 shares in the last quarter. CX Institutional lifted its stake in shares of VanEck Intermediate Muni ETF by 0.4% during the 2nd quarter. CX Institutional now owns 666,185 shares of the company’s stock valued at $30,538,000 after buying an additional 2,816 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in VanEck Intermediate Muni ETF by 4.9% in the 4th quarter. Wells Fargo & Company MN now owns 650,955 shares of the company’s stock worth $30,614,000 after buying an additional 30,613 shares during the period. Finally, Avidian Wealth Solutions LLC grew its stake in VanEck Intermediate Muni ETF by 21.1% in the 1st 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 in the last quarter.

VanEck Intermediate Muni ETF Price Performance

Shares of BATS:ITM traded up $0.04 during trading on Friday, hitting $46.61. 134,864 shares of the company were exchanged. The firm’s 50-day moving average is $46.29 and its 200 day moving average is $46.18.

VanEck Intermediate Muni ETF Increases Dividend

The business 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. The ex-dividend date of this dividend is Tuesday, September 3rd. This is an increase from VanEck Intermediate Muni ETF’s previous dividend of $0.10.

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.