VanEck Intermediate Muni ETF (BATS:ITM) Shares Sold by Family Capital Management Inc.

Family Capital Management Inc. decreased its holdings in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 39.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,495 shares of the company’s stock after selling 17,036 shares during the quarter. VanEck Intermediate Muni ETF comprises 0.9% of Family Capital Management Inc.’s holdings, making the stock its 25th largest holding. Family Capital Management Inc.’s holdings in VanEck Intermediate Muni ETF were worth $1,246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ITM. PNC Financial Services Group Inc. increased its stake in VanEck Intermediate Muni ETF by 633.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,818 shares of the company’s stock worth $83,000 after acquiring an additional 1,570 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter worth $216,000. Renaissance Technologies LLC purchased a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter worth $14,954,000. Baird Financial Group Inc. boosted its position in shares of VanEck Intermediate Muni ETF by 500.4% during the fourth quarter. Baird Financial Group Inc. now owns 46,281 shares of the company’s stock worth $2,111,000 after buying an additional 38,572 shares during the period. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter worth $1,178,000.

VanEck Intermediate Muni ETF Trading Down 0.1 %

BATS:ITM traded down $0.05 during midday trading on Thursday, reaching $45.91. The company had a trading volume of 151,955 shares. The business’s 50-day simple moving average is $46.43 and its two-hundred day simple moving average is $45.85.

VanEck Intermediate Muni ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were issued a $0.111 dividend. The ex-dividend date of this dividend was Monday, April 1st. This is a positive change from VanEck Intermediate Muni ETF’s previous dividend of $0.09.

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.