VanEck Intermediate Muni ETF (BATS:ITM) Shares Sold by Family Capital Management Inc.

Family Capital Management Inc. reduced its stake in VanEck Intermediate Muni ETF (BATS:ITM) by 39.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,495 shares of the company’s stock after selling 17,036 shares during the period. VanEck Intermediate Muni ETF accounts for about 0.9% of Family Capital Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Family Capital Management Inc. owned about 0.07% of VanEck Intermediate Muni ETF worth $1,246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Goodwin Investment Advisory raised its holdings in shares of VanEck Intermediate Muni ETF by 1.5% during the first quarter. Goodwin Investment Advisory now owns 28,439 shares of the company’s stock valued at $1,322,000 after buying an additional 429 shares during the last quarter. BNP Paribas Arbitrage SNC bought a new stake in shares of VanEck Intermediate Muni ETF in the 2nd quarter valued at approximately $31,000. Private Trust Co. NA lifted its holdings in VanEck Intermediate Muni ETF by 6.9% in the 4th quarter. Private Trust Co. NA now owns 11,380 shares of the company’s stock worth $535,000 after purchasing an additional 735 shares during the last quarter. Granite Harbor Advisors Inc. lifted its holdings in VanEck Intermediate Muni ETF by 1.6% in the 3rd quarter. Granite Harbor Advisors Inc. now owns 48,575 shares of the company’s stock worth $2,142,000 after purchasing an additional 749 shares during the last quarter. Finally, 1620 Investment Advisors Inc. lifted its holdings 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 worth $1,124,000 after purchasing an additional 755 shares during the last quarter.

VanEck Intermediate Muni ETF Stock Down 0.1 %

Shares of ITM stock traded down $0.05 during trading hours on Thursday, reaching $45.91. 151,955 shares of the company’s stock were exchanged. The business’s fifty day simple moving average is $46.43 and its two-hundred day simple moving average is $45.85.

VanEck Intermediate Muni ETF Increases Dividend

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

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.