Raymond James Financial Inc. Takes $7.25 Million Position in VanEck Intermediate Muni ETF (BATS:ITM)

Raymond James Financial Inc. bought a new stake in VanEck Intermediate Muni ETF (BATS:ITM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 157,261 shares of the company’s stock, valued at approximately $7,250,000.

Several other institutional investors and hedge funds have also made changes to their positions in ITM. Wingate Wealth Advisors Inc. purchased a new stake in VanEck Intermediate Muni ETF during the 4th quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB purchased a new stake in VanEck Intermediate Muni ETF during the 3rd quarter valued at approximately $43,000. Avior Wealth Management LLC purchased a new stake in VanEck Intermediate Muni ETF during the 3rd quarter valued at approximately $48,000. Park Place Capital Corp purchased a new stake in VanEck Intermediate Muni ETF during the 4th quarter valued at approximately $68,000. Finally, ST Germain D J Co. Inc. purchased a new stake in VanEck Intermediate Muni ETF during the 4th quarter valued at approximately $141,000.

VanEck Intermediate Muni ETF Price Performance

Shares of ITM stock opened at $45.80 on Monday. The stock has a 50 day simple moving average of $46.08 and a 200-day simple moving average of $46.29. VanEck Intermediate Muni ETF has a 12-month low of $45.28 and a 12-month high of $47.01.

VanEck Intermediate Muni ETF Cuts Dividend

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