Comerica Bank Reduces Position in VanEck Intermediate Muni ETF (BATS:ITM)

Comerica Bank decreased its holdings in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,576 shares of the company’s stock after selling 1,475 shares during the quarter. Comerica Bank’s holdings in VanEck Intermediate Muni ETF were worth $902,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Wingate Wealth Advisors Inc. bought a new position in shares of VanEck Intermediate Muni ETF in the fourth quarter worth about $31,000. Park Place Capital Corp purchased a new stake in VanEck Intermediate Muni ETF in the 4th quarter valued at about $68,000. Avior Wealth Management LLC increased its position in shares of VanEck Intermediate Muni ETF by 65.2% during the fourth quarter. Avior Wealth Management LLC now owns 1,688 shares of the company’s stock worth $78,000 after acquiring an additional 666 shares during the period. PNC Financial Services Group Inc. bought a new stake in shares of VanEck Intermediate Muni ETF during the fourth quarter valued at approximately $89,000. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of VanEck Intermediate Muni ETF by 255.5% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 3,256 shares of the company’s stock valued at $150,000 after acquiring an additional 2,340 shares in the last quarter.

VanEck Intermediate Muni ETF Trading Down 0.9%

Shares of BATS ITM opened at $45.14 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 50 day moving average price of $45.27 and a 200 day moving average price of $45.86.

VanEck Intermediate Muni ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.0985 dividend. 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.