LPL Financial LLC Increases Position in VanEck Intermediate Muni ETF (BATS:ITM)

LPL Financial LLC increased its holdings in VanEck Intermediate Muni ETF (BATS:ITM) by 12.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,771,835 shares of the company’s stock after acquiring an additional 190,989 shares during the period. LPL Financial LLC owned about 4.50% of VanEck Intermediate Muni ETF worth $81,682,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wingate Wealth Advisors Inc. bought a new position in VanEck Intermediate Muni ETF in the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB bought a new stake in shares of VanEck Intermediate Muni ETF during the 3rd quarter worth $43,000. Park Place Capital Corp purchased a new position in shares of VanEck Intermediate Muni ETF in the 4th quarter worth about $68,000. Avior Wealth Management LLC grew its position in VanEck Intermediate Muni ETF by 65.2% during the fourth quarter. Avior Wealth Management LLC now owns 1,688 shares of the company’s stock valued at $78,000 after buying an additional 666 shares during the period. Finally, PNC Financial Services Group Inc. purchased a new stake in VanEck Intermediate Muni ETF during the fourth quarter worth about $89,000.

VanEck Intermediate Muni ETF Trading Up 0.1 %

ITM opened at $45.61 on Wednesday. VanEck Intermediate Muni ETF has a twelve month low of $45.28 and a twelve month high of $47.01. The company’s 50-day moving average price is $46.08 and its two-hundred day moving average price is $46.28.

VanEck Intermediate Muni ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.0985 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.