VanEck Intermediate Muni ETF (BATS:ITM) Raises Dividend to $0.11 Per Share

VanEck Intermediate Muni ETF (BATS:ITM) announced a dividend on Thursday, March 28th, NASDAQ reports. Stockholders of record on Tuesday, April 2nd will be given a dividend of 0.111 per share on Friday, April 5th. The ex-dividend date of this dividend is Monday, April 1st. This is an increase from VanEck Intermediate Muni ETF’s previous dividend of $0.09.

VanEck Intermediate Muni ETF Stock Down 0.0 %

Shares of VanEck Intermediate Muni ETF stock traded down $0.02 on Friday, reaching $46.51. 235,991 shares of the company were exchanged. The business has a fifty day simple moving average of $46.54 and a two-hundred day simple moving average of $45.73.

Institutional Trading of VanEck Intermediate Muni ETF

Hedge funds have recently bought and sold shares of the company. Goodwin Investment Advisory grew its holdings in shares of VanEck Intermediate Muni ETF by 1.5% during the first quarter. Goodwin Investment Advisory now owns 28,439 shares of the company’s stock valued at $1,322,000 after buying an additional 429 shares in the last quarter. BNP Paribas Arbitrage SNC purchased a new position in VanEck Intermediate Muni ETF during the 2nd quarter valued at about $31,000. O Dell Group LLC acquired a new position in shares of VanEck Intermediate Muni ETF in the 4th quarter valued at about $53,000. B. Riley Wealth Advisors Inc. lifted its position in shares of VanEck Intermediate Muni ETF by 17.0% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 9,412 shares of the company’s stock worth $429,000 after purchasing an additional 1,365 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of VanEck Intermediate Muni ETF by 11.6% during the second quarter. MML Investors Services LLC now owns 13,891 shares of the company’s stock worth $640,000 after purchasing an additional 1,443 shares during the period.

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.