Family Capital Management Inc. Decreases Stake in VanEck Intermediate Muni ETF (BATS:ITM)

Family Capital Management Inc. trimmed its holdings in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 21.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,715 shares of the company’s stock after selling 3,265 shares during the quarter. Family Capital Management Inc.’s holdings in VanEck Intermediate Muni ETF were worth $540,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ITM. Wingate Wealth Advisors Inc. bought a new stake in shares of VanEck Intermediate Muni ETF in the fourth quarter worth $31,000. Farther Finance Advisors LLC raised its stake in VanEck Intermediate Muni ETF by 194.1% during the third quarter. Farther Finance Advisors LLC now owns 891 shares of the company’s stock valued at $42,000 after buying an additional 588 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in VanEck Intermediate Muni ETF during the 3rd quarter worth approximately $43,000. Avior Wealth Management LLC acquired a new position in shares of VanEck Intermediate Muni ETF in the 3rd quarter worth approximately $48,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of VanEck Intermediate Muni ETF in the 3rd quarter valued at approximately $53,000.

VanEck Intermediate Muni ETF Trading Up 1.3 %

Shares of ITM opened at $46.14 on Friday. The stock’s 50-day moving average price is $46.09 and its two-hundred day moving average price is $46.34.

VanEck Intermediate Muni ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.11 dividend. This is an increase from VanEck Intermediate Muni ETF’s previous dividend of $0.11. The ex-dividend date of this dividend was Monday, February 3rd.

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.