Summit Investment Advisors Inc. Boosts Stake in VanEck Intermediate Muni ETF (BATS:ITM)

Summit Investment Advisors Inc. grew its holdings in VanEck Intermediate Muni ETF (BATS:ITM) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,605 shares of the company’s stock after purchasing an additional 2,386 shares during the period. Summit Investment Advisors Inc.’s holdings in VanEck Intermediate Muni ETF were worth $765,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Oppenheimer & Co. Inc. lifted its position in VanEck Intermediate Muni ETF by 0.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 28,065 shares of the company’s stock valued at $1,294,000 after buying an additional 232 shares during the last quarter. Sargent Investment Group LLC lifted its holdings in shares of VanEck Intermediate Muni ETF by 4.0% in the 4th quarter. Sargent Investment Group LLC now owns 6,691 shares of the company’s stock worth $306,000 after acquiring an additional 259 shares during the last quarter. Atria Wealth Solutions Inc. boosted its position in shares of VanEck Intermediate Muni ETF by 6.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,563 shares of the company’s stock worth $210,000 after purchasing an additional 296 shares during the period. Choreo LLC increased its holdings in VanEck Intermediate Muni ETF by 2.0% in the 4th quarter. Choreo LLC now owns 16,541 shares of the company’s stock valued at $764,000 after purchasing an additional 321 shares during the last quarter. Finally, Avior Wealth Management LLC increased its holdings in VanEck Intermediate Muni ETF by 65.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,688 shares of the company’s stock valued at $78,000 after purchasing an additional 666 shares during the last quarter.

VanEck Intermediate Muni ETF Stock Performance

BATS:ITM opened at $44.88 on Friday. VanEck Intermediate Muni ETF has a 52 week low of $43.42 and a 52 week high of $47.01. The stock’s fifty day moving average is $45.72 and its two-hundred day moving average is $46.05.

VanEck Intermediate Muni ETF Cuts Dividend

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

About VanEck Intermediate Muni ETF

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.