JNBA Financial Advisors Lowers Stake in VanEck Intermediate Muni ETF (BATS:ITM)

JNBA Financial Advisors lessened its stake in VanEck Intermediate Muni ETF (BATS:ITM) by 60.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,591 shares of the company’s stock after selling 3,897 shares during the period. JNBA Financial Advisors’ holdings in VanEck Intermediate Muni ETF were worth $119,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ITM. Wealth Enhancement Advisory Services LLC raised its holdings in shares of VanEck Intermediate Muni ETF by 0.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 807,035 shares of the company’s stock valued at $37,890,000 after buying an additional 4,181 shares during the period. CX Institutional increased its stake in VanEck Intermediate Muni ETF by 8.5% during the fourth quarter. CX Institutional now owns 738,357 shares of the company’s stock worth $34,038,000 after purchasing an additional 58,129 shares during the period. Avidian Wealth Enterprises LLC increased its stake in VanEck Intermediate Muni ETF by 0.8% during the third quarter. Avidian Wealth Enterprises LLC now owns 454,583 shares of the company’s stock worth $21,343,000 after purchasing an additional 3,647 shares during the period. Stifel Financial Corp lifted its position in shares of VanEck Intermediate Muni ETF by 2.7% during the third quarter. Stifel Financial Corp now owns 333,342 shares of the company’s stock worth $15,650,000 after purchasing an additional 8,837 shares in the last quarter. Finally, OLD National Bancorp IN boosted its stake in shares of VanEck Intermediate Muni ETF by 16.4% in the fourth quarter. OLD National Bancorp IN now owns 250,100 shares of the company’s stock valued at $11,530,000 after purchasing an additional 35,162 shares during the period.

VanEck Intermediate Muni ETF Stock Up 1.4 %

Shares of ITM stock opened at $46.22 on Friday. The company has a fifty day simple moving average of $46.07 and a 200 day simple moving average of $46.34.

VanEck Intermediate Muni ETF Increases Dividend

The firm also recently declared 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 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.