Envestnet Asset Management Inc. Buys 163,729 Shares of VanEck Intermediate Muni ETF $ITM

Envestnet Asset Management Inc. raised its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 18.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,051,513 shares of the company’s stock after acquiring an additional 163,729 shares during the quarter. Envestnet Asset Management Inc.’s holdings in VanEck Intermediate Muni ETF were worth $49,001,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ITM. Northwestern Mutual Wealth Management Co. grew its position in VanEck Intermediate Muni ETF by 47.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,636,894 shares of the company’s stock worth $165,370,000 after buying an additional 1,164,977 shares in the last quarter. CX Institutional raised its holdings in VanEck Intermediate Muni ETF by 27.3% in the 3rd quarter. CX Institutional now owns 917,714 shares of the company’s stock valued at $42,765,000 after acquiring an additional 196,693 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of VanEck Intermediate Muni ETF by 217.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 877,749 shares of the company’s stock worth $39,908,000 after acquiring an additional 601,111 shares during the period. Willis Johnson & Associates Inc. grew its holdings in shares of VanEck Intermediate Muni ETF by 19.7% during the 2nd quarter. Willis Johnson & Associates Inc. now owns 626,341 shares of the company’s stock worth $28,480,000 after purchasing an additional 103,261 shares in the last quarter. Finally, Mather Group LLC. grew its holdings in shares of VanEck Intermediate Muni ETF by 3.0% during the 3rd quarter. Mather Group LLC. now owns 460,689 shares of the company’s stock worth $21,468,000 after purchasing an additional 13,568 shares in the last quarter.

VanEck Intermediate Muni ETF Stock Performance

Shares of BATS ITM opened at $47.54 on Tuesday. VanEck Intermediate Muni ETF has a one year low of $43.42 and a one year high of $47.59. The business has a fifty day simple moving average of $47.24 and a 200 day simple moving average of $46.70.

VanEck Intermediate Muni ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.117 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, February 2nd.

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.