Leo Wealth LLC Invests $521,000 in VanEck Intermediate Muni ETF $ITM

Leo Wealth LLC purchased a new stake in VanEck Intermediate Muni ETF (BATS:ITM) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 11,038 shares of the company’s stock, valued at approximately $521,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blair William & Co. IL increased its position in VanEck Intermediate Muni ETF by 163.5% during the 3rd quarter. Blair William & Co. IL now owns 527 shares of the company’s stock worth $25,000 after purchasing an additional 327 shares in the last quarter. AE Wealth Management LLC increased its position in VanEck Intermediate Muni ETF by 126.3% during the 3rd quarter. AE Wealth Management LLC now owns 1,075 shares of the company’s stock worth $50,000 after purchasing an additional 600 shares in the last quarter. Founders Financial Alliance LLC acquired a new stake in shares of VanEck Intermediate Muni ETF in the third quarter valued at about $60,000. Advisory Services Network LLC acquired a new stake in shares of VanEck Intermediate Muni ETF in the third quarter valued at about $83,000. Finally, Premier Financial Group acquired a new stake in shares of VanEck Intermediate Muni ETF in the third quarter valued at about $93,000.

VanEck Intermediate Muni ETF Stock Performance

Shares of VanEck Intermediate Muni ETF stock opened at $46.50 on Tuesday. The business has a 50-day moving average of $47.23 and a 200-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 announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.1043 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 2.7%.

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.