HighTower Advisors LLC Has $16.81 Million Stock Holdings in VanEck Intermediate Muni ETF (BATS:ITM)

HighTower Advisors LLC raised its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 468.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 364,622 shares of the company’s stock after purchasing an additional 300,489 shares during the period. HighTower Advisors LLC owned 0.93% of VanEck Intermediate Muni ETF worth $16,809,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. grew its stake in shares of VanEck Intermediate Muni ETF by 0.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 28,065 shares of the company’s stock worth $1,294,000 after acquiring an additional 232 shares during the last quarter. Financial Counselors Inc. grew its stake in shares of VanEck Intermediate Muni ETF by 0.7% in the third quarter. Financial Counselors Inc. now owns 37,750 shares of the company’s stock worth $1,772,000 after acquiring an additional 253 shares during the last quarter. Sargent Investment Group LLC grew its stake in shares of VanEck Intermediate Muni ETF by 4.0% in the fourth quarter. Sargent Investment Group LLC now owns 6,691 shares of the company’s stock worth $306,000 after acquiring an additional 259 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in shares of VanEck Intermediate Muni ETF by 6.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 4,563 shares of the company’s stock worth $210,000 after acquiring an additional 296 shares during the last quarter. Finally, Choreo LLC grew its stake in shares of VanEck Intermediate Muni ETF by 2.0% in the fourth quarter. Choreo LLC now owns 16,541 shares of the company’s stock worth $764,000 after acquiring an additional 321 shares during the last quarter.

VanEck Intermediate Muni ETF Stock Performance

Shares of VanEck Intermediate Muni ETF stock opened at $45.80 on Friday. The company’s fifty day simple moving average is $46.10 and its 200-day simple moving average is $46.31. VanEck Intermediate Muni ETF has a 1 year low of $45.28 and a 1 year high of $47.01.

VanEck Intermediate Muni ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.0985 dividend. The ex-dividend date was Monday, March 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.