VanEck Intermediate Muni ETF $ITM Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in VanEck Intermediate Muni ETF (BATS:ITM) by 19.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 479,900 shares of the company’s stock after purchasing an additional 78,104 shares during the quarter. JPMorgan Chase & Co. owned 1.17% of VanEck Intermediate Muni ETF worth $22,363,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Choreo LLC grew its stake in shares of VanEck Intermediate Muni ETF by 136.0% in the second quarter. Choreo LLC now owns 38,564 shares of the company’s stock valued at $1,754,000 after buying an additional 22,225 shares in the last quarter. FOCUS Wealth Advisors LLC raised its holdings in shares of VanEck Intermediate Muni ETF by 14.2% in the 3rd quarter. FOCUS Wealth Advisors LLC now owns 178,232 shares of the company’s stock valued at $8,306,000 after buying an additional 22,220 shares during the period. Thrivent Financial for Lutherans acquired a new position in VanEck Intermediate Muni ETF during the 2nd quarter worth about $4,105,000. CX Institutional lifted its stake in VanEck Intermediate Muni ETF by 27.3% during the 3rd quarter. CX Institutional now owns 917,714 shares of the company’s stock worth $42,765,000 after acquiring an additional 196,693 shares in the last quarter. Finally, OneDigital Investment Advisors LLC boosted its holdings in VanEck Intermediate Muni ETF by 5.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 477,029 shares of the company’s stock valued at $22,230,000 after acquiring an additional 23,209 shares during the period.

VanEck Intermediate Muni ETF Stock Down 0.8%

BATS ITM opened at $46.28 on Wednesday. The stock has a 50-day moving average of $47.39 and a two-hundred day moving average of $47.10. VanEck Intermediate Muni ETF has a 1-year low of $43.42 and a 1-year high of $48.02.

VanEck Intermediate Muni ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.1043 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 2.7%.

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.