VanEck Intermediate Muni ETF (BATS:ITM) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC cut its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 5.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,432 shares of the company’s stock after selling 348 shares during the quarter. Sargent Investment Group LLC’s holdings in VanEck Intermediate Muni ETF were worth $302,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ITM. Jane Street Group LLC bought a new position in shares of VanEck Intermediate Muni ETF in the 1st quarter valued at about $54,421,000. HTLF Bank raised its holdings in shares of VanEck Intermediate Muni ETF by 20.7% in the 3rd quarter. HTLF Bank now owns 1,271,148 shares of the company’s stock worth $59,680,000 after acquiring an additional 218,233 shares during the last quarter. Envestnet Asset Management Inc. grew its position in VanEck Intermediate Muni ETF by 18.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 988,662 shares of the company’s stock worth $45,320,000 after purchasing an additional 157,446 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of VanEck Intermediate Muni ETF by 150.2% during the 2nd quarter. NewEdge Advisors LLC now owns 177,644 shares of the company’s stock valued at $8,143,000 after acquiring an additional 106,641 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in VanEck Intermediate Muni ETF by 246.6% in the 1st quarter. Cetera Investment Advisers now owns 140,236 shares of the company’s stock worth $6,522,000 after buying an additional 99,778 shares during the period.

VanEck Intermediate Muni ETF Trading Down 0.0 %

BATS ITM traded down $0.01 during trading hours on Thursday, hitting $46.07. 237,348 shares of the company’s stock traded hands. The stock has a 50 day simple moving average of $46.51 and a two-hundred day simple moving average of $46.23.

VanEck Intermediate Muni ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a $0.105 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a boost from VanEck Intermediate Muni ETF’s previous dividend of $0.10.

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.