First Horizon Advisors Inc. Takes $52,000 Position in VanEck Intermediate Muni ETF (BATS:ITM)

First Horizon Advisors Inc. acquired a new position in shares of VanEck Intermediate Muni ETF (BATS:ITM) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 1,114 shares of the company’s stock, valued at approximately $52,000.

Several other large investors have also bought and sold shares of the business. Private Trust Co. NA grew its holdings in VanEck Intermediate Muni ETF by 6.9% in the fourth quarter. Private Trust Co. NA now owns 11,380 shares of the company’s stock worth $535,000 after purchasing an additional 735 shares during the period. Granite Harbor Advisors Inc. grew its stake in shares of VanEck Intermediate Muni ETF by 1.6% in the 3rd quarter. Granite Harbor Advisors Inc. now owns 48,575 shares of the company’s stock valued at $2,142,000 after buying an additional 749 shares during the period. 1620 Investment Advisors Inc. increased its position in VanEck Intermediate Muni ETF by 3.1% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 25,489 shares of the company’s stock valued at $1,124,000 after buying an additional 755 shares in the last quarter. Blue Trust Inc. acquired a new position in VanEck Intermediate Muni ETF during the 4th quarter worth approximately $35,000. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in VanEck Intermediate Muni ETF by 28.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 5,079 shares of the company’s stock worth $224,000 after acquiring an additional 1,112 shares in the last quarter.

VanEck Intermediate Muni ETF Stock Up 0.3 %

BATS ITM opened at $46.10 on Wednesday. The firm’s 50 day moving average price is $46.26 and its 200 day moving average price is $46.06.

VanEck Intermediate Muni ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a $0.111 dividend. This is a positive change from VanEck Intermediate Muni ETF’s previous dividend of $0.09. The ex-dividend date was Monday, April 1st.

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.