Fulton Bank N.A. Increases Stock Position in VanEck Intermediate Muni ETF $ITM

Fulton Bank N.A. raised its stake in VanEck Intermediate Muni ETF (BATS:ITM) by 21.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,079 shares of the company’s stock after acquiring an additional 12,742 shares during the period. Fulton Bank N.A.’s holdings in VanEck Intermediate Muni ETF were worth $3,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Blair William & Co. IL lifted its holdings in shares of VanEck Intermediate Muni ETF by 163.5% in the 3rd quarter. Blair William & Co. IL now owns 527 shares of the company’s stock valued at $25,000 after purchasing an additional 327 shares during the last quarter. AE Wealth Management LLC grew its stake in VanEck Intermediate Muni ETF by 126.3% during the 3rd quarter. AE Wealth Management LLC now owns 1,075 shares of the company’s stock worth $50,000 after buying an additional 600 shares during the last quarter. Founders Financial Alliance LLC acquired a new position in VanEck Intermediate Muni ETF during the third quarter worth approximately $60,000. Advisory Services Network LLC acquired a new position in VanEck Intermediate Muni ETF during the third quarter worth approximately $83,000. Finally, Premier Financial Group purchased a new stake in VanEck Intermediate Muni ETF in the third quarter valued at approximately $93,000.

VanEck Intermediate Muni ETF Price Performance

ITM stock opened at $46.54 on Monday. VanEck Intermediate Muni ETF has a twelve month low of $43.42 and a twelve month high of $48.02. The business has a 50 day simple moving average of $47.43 and a 200-day simple moving average of $47.10.

VanEck Intermediate Muni ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a $0.1043 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 2.7%.

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.