Orion Portfolio Solutions LLC Purchases New Stake in VanEck Intermediate Muni ETF (BATS:ITM)

Orion Portfolio Solutions LLC bought a new position in shares of VanEck Intermediate Muni ETF (BATS:ITM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,398 shares of the company’s stock, valued at approximately $341,000.

Other institutional investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. grew its holdings in shares of VanEck Intermediate Muni ETF by 0.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 28,065 shares of the company’s stock valued at $1,294,000 after buying an additional 232 shares during the period. Sargent Investment Group LLC raised its stake in shares of VanEck Intermediate Muni ETF by 4.0% during the 4th quarter. Sargent Investment Group LLC now owns 6,691 shares of the company’s stock worth $306,000 after purchasing an additional 259 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in VanEck Intermediate Muni ETF by 6.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 4,563 shares of the company’s stock worth $210,000 after acquiring an additional 296 shares in the last quarter. Choreo LLC raised its holdings in shares of VanEck Intermediate Muni ETF by 2.0% in the 4th quarter. Choreo LLC now owns 16,541 shares of the company’s stock valued at $764,000 after purchasing an additional 321 shares during the period. Finally, Avior Wealth Management LLC raised its stake in VanEck Intermediate Muni ETF by 65.2% in the fourth quarter. Avior Wealth Management LLC now owns 1,688 shares of the company’s stock valued at $78,000 after buying an additional 666 shares during the period.

VanEck Intermediate Muni ETF Stock Down 2.7 %

Shares of VanEck Intermediate Muni ETF stock opened at $44.32 on Wednesday. The business has a fifty day simple moving average of $45.94 and a two-hundred day simple moving average of $46.16. VanEck Intermediate Muni ETF has a 1 year low of $44.03 and a 1 year high of $47.01.

VanEck Intermediate Muni ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given 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.