OneDigital Investment Advisors LLC Boosts Holdings in VanEck Intermediate Muni ETF $ITM

OneDigital Investment Advisors LLC boosted its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 5.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 477,029 shares of the company’s stock after purchasing an additional 23,209 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in VanEck Intermediate Muni ETF were worth $22,230,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its stake in shares of VanEck Intermediate Muni ETF by 47.1% in 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 during the last quarter. Ameriprise Financial Inc. raised its position in VanEck Intermediate Muni ETF by 217.3% during the second quarter. Ameriprise Financial Inc. now owns 877,749 shares of the company’s stock valued at $39,908,000 after acquiring an additional 601,111 shares in the last quarter. CX Institutional lifted its holdings in VanEck Intermediate Muni ETF by 27.3% in the third 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 during the period. Envestnet Asset Management Inc. boosted its position in VanEck Intermediate Muni ETF by 18.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,051,513 shares of the company’s stock worth $49,001,000 after purchasing an additional 163,729 shares in the last quarter. Finally, Simon Quick Advisors LLC acquired a new stake in shares of VanEck Intermediate Muni ETF during the 2nd quarter worth approximately $4,996,000.

VanEck Intermediate Muni ETF Stock Up 0.1%

BATS:ITM opened at $47.85 on Friday. The company has a 50 day moving average price of $47.37 and a 200-day moving average price of $46.84. VanEck Intermediate Muni ETF has a 1-year low of $43.42 and a 1-year high of $47.85.

VanEck Intermediate Muni ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.117 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 2.9%.

About VanEck Intermediate Muni ETF

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.