Townsquare Capital LLC Makes New $276,000 Investment in VanEck Intermediate Muni ETF (BATS:ITM)

Townsquare Capital LLC bought a new stake in VanEck Intermediate Muni ETF (BATS:ITM) in the fourth quarter, Holdings Channel.com reports. The firm bought 5,996 shares of the company’s stock, valued at approximately $276,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ITM. LPL Financial LLC raised its holdings in VanEck Intermediate Muni ETF by 12.1% in the 4th quarter. LPL Financial LLC now owns 1,771,835 shares of the company’s stock valued at $81,682,000 after acquiring an additional 190,989 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of VanEck Intermediate Muni ETF by 28.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,207,979 shares of the company’s stock valued at $55,688,000 after purchasing an additional 264,717 shares during the last quarter. Wells Fargo & Company MN lifted its position in VanEck Intermediate Muni ETF by 80.2% during the fourth quarter. Wells Fargo & Company MN now owns 917,706 shares of the company’s stock worth $42,306,000 after buying an additional 408,498 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in VanEck Intermediate Muni ETF by 0.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 807,035 shares of the company’s stock worth $37,890,000 after buying an additional 4,181 shares during the last quarter. Finally, CX Institutional boosted 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 buying an additional 58,129 shares during the last quarter.

VanEck Intermediate Muni ETF Stock Down 2.3 %

Shares of ITM opened at $44.53 on Wednesday. VanEck Intermediate Muni ETF has a 52-week low of $43.42 and a 52-week high of $47.01. The stock has a fifty day simple moving average of $45.63 and a two-hundred day simple moving average of $45.99.

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 paid a dividend of $0.0985 per share. The ex-dividend date of this dividend 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.