GWM Advisors LLC grew its holdings in VanEck Vectors Intermediate Municipal ETF (NYSEARCA:ITM) by 18.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 9,397 shares of the company’s stock after acquiring an additional 1,445 shares during the period. GWM Advisors LLC’s holdings in VanEck Vectors Intermediate Municipal ETF were worth $303,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Parallel Advisors LLC raised its stake in shares of VanEck Vectors Intermediate Municipal ETF by 447.5% in the 4th quarter. Parallel Advisors LLC now owns 657 shares of the company’s stock valued at $31,000 after buying an additional 537 shares in the last quarter. Bronfman E.L. Rothschild L.P. acquired a new position in shares of VanEck Vectors Intermediate Municipal ETF in the 4th quarter valued at $31,000. Farmers & Merchants Investments Inc. acquired a new position in shares of VanEck Vectors Intermediate Municipal ETF in the 1st quarter valued at $55,000. Strategic Wealth Partners Ltd. acquired a new position in shares of VanEck Vectors Intermediate Municipal ETF in the 4th quarter valued at $76,000. Finally, Westside Investment Management Inc. acquired a new position in shares of VanEck Vectors Intermediate Municipal ETF in the 4th quarter valued at $116,000.

Shares of ITM stock opened at $49.48 on Friday. VanEck Vectors Intermediate Municipal ETF has a 52-week low of $45.86 and a 52-week high of $49.45.

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were paid a $0.0928 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Wednesday, May 1st.

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VanEck Vectors Intermediate Municipal ETF Profile

Market Vectors Intermediate Municipal Index ETF (the Fund) seeks to replicate the price and yield performance of the Barclays Capital AMT-Free Intermediate Continuous Municipal Index (the Index). The Index provides broad exposure to investment-grade municipal bonds with a nominal maturity of 6 to 16 years.

Further Reading: What is the return on assets (ROA) ratio?

Want to see what other hedge funds are holding ITM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Vectors Intermediate Municipal ETF (NYSEARCA:ITM).

Institutional Ownership by Quarter for VanEck Vectors Intermediate Municipal ETF (NYSEARCA:ITM)

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