VanEck Intermediate Muni ETF (BATS:ITM) Declares Dividend Increase – $0.11 Per Share

Posted by Trent Williams on Mar 29th, 2024

VanEck Intermediate Muni ETF (BATS:ITM – Get Free Report) declared a dividend on Thursday, March 28th, NASDAQ reports. Stockholders of record on Tuesday, April 2nd will be given a dividend of 0.111 per share on Friday, April 5th. The ex-dividend date of this dividend is Monday, April 1st. This is an increase from VanEck Intermediate Muni ETF’s previous dividend of $0.09.

VanEck Intermediate Muni ETF Stock Performance

ITM stock traded down $0.02 during mid-day trading on Friday, hitting $46.51. 235,991 shares of the company were exchanged. The business has a fifty day simple moving average of $46.54 and a 200 day simple moving average of $45.73.

Hedge Funds Weigh In On VanEck Intermediate Muni ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goodwin Investment Advisory raised its stake in shares of VanEck Intermediate Muni ETF by 1.5% in the 1st quarter. Goodwin Investment Advisory now owns 28,439 shares of the company’s stock valued at $1,322,000 after purchasing an additional 429 shares during the period. BNP Paribas Arbitrage SNC bought a new position in shares of VanEck Intermediate Muni ETF during the second quarter worth about $31,000. O Dell Group LLC bought a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter worth about $53,000. B. Riley Wealth Advisors Inc. raised its position in VanEck Intermediate Muni ETF by 17.0% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 9,412 shares of the company’s stock valued at $429,000 after buying an additional 1,365 shares during the last quarter. Finally, MML Investors Services LLC lifted its stake in VanEck Intermediate Muni ETF by 11.6% in the 2nd quarter. MML Investors Services LLC now owns 13,891 shares of the company’s stock valued at $640,000 after acquiring an additional 1,443 shares in the last quarter.

VanEck Intermediate Muni ETF Company Profile

(Get Free Report)

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.