Pacific Capital Wealth Advisors Inc. Purchases New Position in VanEck Intermediate Muni ETF (BATS:ITM)

Pacific Capital Wealth Advisors Inc. acquired a new position in shares of VanEck Intermediate Muni ETF (BATS:ITM) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 620 shares of the company’s stock, valued at approximately $29,000.

Several other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. purchased a new stake in shares of VanEck Intermediate Muni ETF in the 4th quarter worth approximately $35,000. First Horizon Advisors Inc. bought a new stake in VanEck Intermediate Muni ETF during the 4th quarter valued at $52,000. Carmel Capital Partners LLC bought a new stake in VanEck Intermediate Muni ETF during the 3rd quarter valued at $62,000. Regent Peak Wealth Advisors LLC purchased a new position in shares of VanEck Intermediate Muni ETF in the 4th quarter valued at $203,000. Finally, Kingsview Wealth Management LLC bought a new position in shares of VanEck Intermediate Muni ETF in the 3rd quarter worth $213,000.

VanEck Intermediate Muni ETF Price Performance

Shares of BATS ITM traded up $0.14 during mid-day trading on Tuesday, reaching $46.10. 130,982 shares of the company were exchanged. The business has a 50-day simple moving average of $46.26 and a 200-day simple moving average of $46.06.

VanEck Intermediate Muni ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a $0.111 dividend. This is a boost 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.