Intrust Bank NA Makes New $360,000 Investment in VanEck Intermediate Muni ETF (BATS:ITM)

Intrust Bank NA bought a new stake in VanEck Intermediate Muni ETF (BATS:ITM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,805 shares of the company’s stock, valued at approximately $360,000.

A number of other large investors also recently made changes to their positions in the business. Wingate Wealth Advisors Inc. purchased a new position in VanEck Intermediate Muni ETF during the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of VanEck Intermediate Muni ETF during the 3rd quarter valued at $43,000. Park Place Capital Corp purchased a new position in shares of VanEck Intermediate Muni ETF during the 4th quarter valued at $68,000. Avior Wealth Management LLC increased its stake in shares of VanEck Intermediate Muni ETF by 65.2% in the fourth quarter. Avior Wealth Management LLC now owns 1,688 shares of the company’s stock worth $78,000 after acquiring an additional 666 shares during the last quarter. Finally, PNC Financial Services Group Inc. acquired a new position in shares of VanEck Intermediate Muni ETF in the fourth quarter worth $89,000.

VanEck Intermediate Muni ETF Price Performance

ITM opened at $45.39 on Monday. The stock has a fifty day moving average price of $46.06 and a 200 day moving average price of $46.25. VanEck Intermediate Muni ETF has a 1 year low of $45.21 and a 1 year high of $47.01.

VanEck Intermediate Muni ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.0985 dividend. The ex-dividend date was Monday, March 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.