504,489 Shares in VanEck Intermediate Muni ETF $ITM Purchased by TIAA Trust National Association

TIAA Trust National Association bought a new stake in VanEck Intermediate Muni ETF (BATS:ITM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 504,489 shares of the company’s stock, valued at approximately $23,509,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Choreo LLC grew its holdings in shares of VanEck Intermediate Muni ETF by 136.0% in the 2nd quarter. Choreo LLC now owns 38,564 shares of the company’s stock worth $1,754,000 after acquiring an additional 22,225 shares during the period. FOCUS Wealth Advisors LLC boosted its position in VanEck Intermediate Muni ETF by 14.2% during the third quarter. FOCUS Wealth Advisors LLC now owns 178,232 shares of the company’s stock worth $8,306,000 after purchasing an additional 22,220 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in VanEck Intermediate Muni ETF in the second quarter valued at $4,105,000. CX Institutional increased its position in shares of VanEck Intermediate Muni ETF by 27.3% in the third quarter. CX Institutional now owns 917,714 shares of the company’s stock valued at $42,765,000 after buying an additional 196,693 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its stake in shares of VanEck Intermediate Muni ETF by 5.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 477,029 shares of the company’s stock worth $22,230,000 after buying an additional 23,209 shares during the last quarter.

VanEck Intermediate Muni ETF Trading Up 0.0%

VanEck Intermediate Muni ETF stock opened at $47.97 on Friday. VanEck Intermediate Muni ETF has a 52 week low of $43.42 and a 52 week high of $48.02. The firm’s 50-day simple moving average is $47.45 and its 200 day simple moving average is $46.91.

VanEck Intermediate Muni ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.117 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 2.9%.

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.