Envestnet Portfolio Solutions Inc. Acquires 4,932 Shares of VanEck Intermediate Muni ETF (BATS:ITM)

Envestnet Portfolio Solutions Inc. increased its holdings in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 61.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,961 shares of the company’s stock after purchasing an additional 4,932 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in VanEck Intermediate Muni ETF were worth $597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of ITM. Wingate Wealth Advisors Inc. bought a new position in VanEck Intermediate Muni ETF during the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB bought a new position in VanEck Intermediate Muni ETF during the third quarter valued at approximately $43,000. Avior Wealth Management LLC purchased a new stake in VanEck Intermediate Muni ETF in the third quarter worth approximately $48,000. Park Place Capital Corp bought a new stake in VanEck Intermediate Muni ETF in the 4th quarter worth approximately $68,000. Finally, PNC Financial Services Group Inc. purchased a new stake in VanEck Intermediate Muni ETF during the 4th quarter valued at $89,000.

VanEck Intermediate Muni ETF Price Performance

BATS ITM opened at $45.70 on Tuesday. VanEck Intermediate Muni ETF has a 1-year low of $45.28 and a 1-year high of $47.01. The business’s fifty day moving average price is $46.08 and its 200-day moving average price is $46.28.

VanEck Intermediate Muni ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a $0.0985 dividend. The ex-dividend date was Monday, March 3rd.

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.