International Assets Investment Management LLC Takes $44,000 Position in VanEck Intermediate Muni ETF (BATS:ITM)

International Assets Investment Management LLC bought a new position in shares of VanEck Intermediate Muni ETF (BATS:ITM) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 952 shares of the company’s stock, valued at approximately $44,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. acquired a new position in shares of VanEck Intermediate Muni ETF in the 4th quarter worth approximately $254,000. Principal Securities Inc. purchased a new position in VanEck Intermediate Muni ETF in the 4th quarter worth about $2,144,000. Envestnet Portfolio Solutions Inc. increased its stake in VanEck Intermediate Muni ETF by 100.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 19,374 shares of the company’s stock worth $911,000 after purchasing an additional 9,707 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in VanEck Intermediate Muni ETF during the 4th quarter worth about $1,916,000. Finally, Kingsview Wealth Management LLC boosted its holdings in shares of VanEck Intermediate Muni ETF by 47.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 7,121 shares of the company’s stock worth $335,000 after buying an additional 2,291 shares during the period.

VanEck Intermediate Muni ETF Trading Up 0.1 %

VanEck Intermediate Muni ETF stock opened at $46.61 on Friday. The stock has a fifty day moving average price of $46.29 and a 200 day moving average price of $46.18.

VanEck Intermediate Muni ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.105 per share. This is a boost from VanEck Intermediate Muni ETF’s previous dividend of $0.10. The ex-dividend date is Tuesday, September 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.