Foster & Motley Inc. Lowers Position in VanEck Intermediate Muni ETF (BATS:ITM)

Foster & Motley Inc. reduced its position in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 20.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,494 shares of the company’s stock after selling 1,924 shares during the period. Foster & Motley Inc.’s holdings in VanEck Intermediate Muni ETF were worth $352,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ITM. Blue Trust Inc. acquired a new position in shares of VanEck Intermediate Muni ETF during the 4th quarter worth $35,000. Carmel Capital Partners LLC acquired a new position in shares of VanEck Intermediate Muni ETF during the 3rd quarter worth approximately $62,000. Regent Peak Wealth Advisors LLC purchased a new stake in VanEck Intermediate Muni ETF in the 4th quarter valued at approximately $203,000. Kingsview Wealth Management LLC purchased a new position in VanEck Intermediate Muni ETF during the third quarter worth $213,000. Finally, Cary Street Partners Investment Advisory LLC lifted its position in shares of VanEck Intermediate Muni ETF by 28.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 5,079 shares of the company’s stock valued at $224,000 after acquiring an additional 1,112 shares in the last quarter.

VanEck Intermediate Muni ETF Stock Up 0.0 %

BATS:ITM opened at $45.92 on Thursday. The firm has a fifty day moving average price of $46.38 and a 200 day moving average price of $45.92.

VanEck Intermediate Muni ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were issued a $0.111 dividend. This is an increase from VanEck Intermediate Muni ETF’s previous dividend of $0.09. The ex-dividend date was Monday, April 1st.

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.