Northwestern Mutual Wealth Management Co. Has $125.59 Million Stock Position in VanEck Intermediate Muni ETF (BATS:ITM)

Northwestern Mutual Wealth Management Co. cut its holdings in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 10.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,739,830 shares of the company’s stock after selling 309,783 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.07% of VanEck Intermediate Muni ETF worth $125,594,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ITM. CFS Investment Advisory Services LLC grew its holdings in shares of VanEck Intermediate Muni ETF by 6.8% during the 4th quarter. CFS Investment Advisory Services LLC now owns 10,298 shares of the company’s stock valued at $484,000 after purchasing an additional 655 shares during the last quarter. &PARTNERS acquired a new stake in VanEck Intermediate Muni ETF in the second quarter valued at approximately $267,000. Annex Advisory Services LLC bought a new stake in shares of VanEck Intermediate Muni ETF during the fourth quarter worth $4,993,000. Choreo LLC acquired a new position in shares of VanEck Intermediate Muni ETF during the second quarter worth $741,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of VanEck Intermediate Muni ETF by 18.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 988,662 shares of the company’s stock valued at $45,320,000 after acquiring an additional 157,446 shares during the last quarter.

VanEck Intermediate Muni ETF Stock Performance

BATS ITM opened at $47.01 on Friday. The firm’s fifty day moving average price is $46.55 and its two-hundred day moving average price is $46.20.

VanEck Intermediate Muni ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.105 per share. This is a positive change from VanEck Intermediate Muni ETF’s previous dividend of $0.10. The ex-dividend date was Tuesday, September 3rd.

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.