VanEck Intermediate Muni ETF (BATS:ITM) Stake Raised by Goodwin Investment Advisory

Goodwin Investment Advisory lifted its holdings in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 20.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,450 shares of the company’s stock after purchasing an additional 10,834 shares during the quarter. VanEck Intermediate Muni ETF comprises approximately 1.6% of Goodwin Investment Advisory’s investment portfolio, making the stock its 10th biggest position. Goodwin Investment Advisory’s holdings in VanEck Intermediate Muni ETF were worth $2,984,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Arbitrage SNC purchased a new position in shares of VanEck Intermediate Muni ETF during the second quarter worth $31,000. Private Trust Co. NA boosted its holdings in VanEck Intermediate Muni ETF by 6.9% during the 4th quarter. Private Trust Co. NA now owns 11,380 shares of the company’s stock valued at $535,000 after acquiring an additional 735 shares during the period. Granite Harbor Advisors Inc. boosted its holdings in VanEck Intermediate Muni ETF by 1.6% during the 3rd quarter. Granite Harbor Advisors Inc. now owns 48,575 shares of the company’s stock valued at $2,142,000 after acquiring an additional 749 shares during the period. 1620 Investment Advisors Inc. grew its position in VanEck Intermediate Muni ETF by 3.1% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 25,489 shares of the company’s stock valued at $1,124,000 after acquiring an additional 755 shares in the last quarter. Finally, Blue Trust Inc. purchased a new stake in VanEck Intermediate Muni ETF during the fourth quarter worth about $35,000.

VanEck Intermediate Muni ETF Stock Performance

Shares of BATS ITM traded up $0.10 during midday trading on Wednesday, hitting $45.96. The company’s stock had a trading volume of 145,495 shares. The company’s 50-day moving average price is $46.44 and its two-hundred day moving average price is $45.85.

VanEck Intermediate Muni ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a dividend of $0.111 per share. The ex-dividend date was Monday, April 1st. This is a positive change from VanEck Intermediate Muni ETF’s previous dividend of $0.09.

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.