Commonwealth Equity Services LLC Sells 7,689 Shares of VanEck Intermediate Muni ETF (BATS:ITM)

Commonwealth Equity Services LLC trimmed its holdings in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 14.8% in the 1st quarter, Holdings Channel reports. The firm owned 44,409 shares of the company’s stock after selling 7,689 shares during the quarter. Commonwealth Equity Services LLC’s holdings in VanEck Intermediate Muni ETF were worth $2,065,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ITM. Baker Avenue Asset Management LP lifted its position in shares of VanEck Intermediate Muni ETF by 43.7% during the third quarter. Baker Avenue Asset Management LP now owns 19,973 shares of the company’s stock worth $881,000 after purchasing an additional 6,070 shares during the last quarter. Westside Investment Management Inc. raised its holdings in shares of VanEck Intermediate Muni ETF by 129.0% in the third quarter. Westside Investment Management Inc. now owns 12,250 shares of the company’s stock valued at $540,000 after acquiring an additional 6,900 shares in the last quarter. Granite Harbor Advisors Inc. raised its holdings in shares of VanEck Intermediate Muni ETF by 1.6% in the third quarter. Granite Harbor Advisors Inc. now owns 48,575 shares of the company’s stock valued at $2,142,000 after acquiring an additional 749 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of VanEck Intermediate Muni ETF by 84.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 15,826 shares of the company’s stock valued at $698,000 after acquiring an additional 7,241 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of VanEck Intermediate Muni ETF by 188.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 30,770 shares of the company’s stock valued at $1,447,000 after acquiring an additional 20,110 shares in the last quarter.

VanEck Intermediate Muni ETF Price Performance

Shares of ITM stock traded up $0.13 on Friday, hitting $45.96. The stock had a trading volume of 71,820 shares. The business has a 50 day moving average price of $45.85 and a 200 day moving average price of $46.29.

VanEck Intermediate Muni ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, July 1st will be issued a $0.1023 dividend. The ex-dividend date of this dividend is Monday, July 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.