Commonwealth Equity Services LLC Sells 7,689 Shares of VanEck Intermediate Muni ETF (BATS:ITM)

Commonwealth Equity Services LLC decreased its position in VanEck Intermediate Muni ETF (BATS:ITM) by 14.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,409 shares of the company’s stock after selling 7,689 shares during the period. Commonwealth Equity Services LLC owned approximately 0.11% of VanEck Intermediate Muni ETF worth $2,065,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. HTLF Bank raised its position in VanEck Intermediate Muni ETF by 5.9% in the 1st quarter. HTLF Bank now owns 1,040,251 shares of the company’s stock worth $48,382,000 after buying an additional 58,343 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of VanEck Intermediate Muni ETF by 4.9% during the 4th quarter. Wells Fargo & Company MN now owns 650,955 shares of the company’s stock valued at $30,614,000 after purchasing an additional 30,613 shares during the last quarter. Willis Johnson & Associates Inc. increased its position in shares of VanEck Intermediate Muni ETF by 7.2% during the 1st quarter. Willis Johnson & Associates Inc. now owns 442,471 shares of the company’s stock valued at $20,579,000 after purchasing an additional 29,903 shares during the last quarter. Avidian Wealth Solutions LLC increased its position in shares of VanEck Intermediate Muni ETF by 5.1% during the 4th quarter. Avidian Wealth Solutions LLC now owns 382,936 shares of the company’s stock valued at $18,009,000 after purchasing an additional 18,558 shares during the last quarter. Finally, Mather Group LLC. increased its position in shares of VanEck Intermediate Muni ETF by 45.6% during the 4th quarter. Mather Group LLC. now owns 356,778 shares of the company’s stock valued at $16,779,000 after purchasing an additional 111,685 shares during the last quarter.

VanEck Intermediate Muni ETF Stock Up 0.3 %

Shares of BATS ITM traded up $0.13 during midday trading on Friday, hitting $45.96. 71,820 shares of the company’s stock traded hands. The company has a 50-day moving average price of $45.85 and a two-hundred day moving average price of $46.29.

VanEck Intermediate Muni ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be given a $0.1023 dividend. The ex-dividend date of this dividend is 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.