James Investment Research Inc. Has $1.25 Million Stock Position in VanEck Intermediate Muni ETF (BATS:ITM)

James Investment Research Inc. cut its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 25.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,719 shares of the company’s stock after selling 8,905 shares during the period. James Investment Research Inc. owned approximately 0.07% of VanEck Intermediate Muni ETF worth $1,254,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. LPL Financial LLC grew its position in shares of VanEck Intermediate Muni ETF by 2.1% during the 2nd quarter. LPL Financial LLC now owns 1,546,672 shares of the company’s stock worth $70,899,000 after buying an additional 31,545 shares during the period. HTLF Bank boosted its stake in VanEck Intermediate Muni ETF by 20.7% during the 3rd quarter. HTLF Bank now owns 1,271,148 shares of the company’s stock worth $59,680,000 after acquiring an additional 218,233 shares during the last quarter. Jane Street Group LLC acquired a new position in VanEck Intermediate Muni ETF during the first quarter valued at approximately $54,421,000. Envestnet Asset Management Inc. increased its stake in VanEck Intermediate Muni ETF by 18.9% in the second quarter. Envestnet Asset Management Inc. now owns 988,662 shares of the company’s stock valued at $45,320,000 after purchasing an additional 157,446 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in VanEck Intermediate Muni ETF by 0.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 802,854 shares of the company’s stock worth $37,694,000 after purchasing an additional 3,817 shares during the period.

VanEck Intermediate Muni ETF Price Performance

Shares of ITM stock opened at $45.91 on Friday. The company has a 50-day moving average price of $46.60 and a two-hundred day moving average price of $46.22.

VanEck Intermediate Muni ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a $0.105 dividend. This is a boost from VanEck Intermediate Muni ETF’s previous dividend of $0.10. The ex-dividend date of this dividend was Tuesday, September 3rd.

VanEck Intermediate Muni ETF Profile

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.