Avidian Wealth Enterprises LLC Boosts Holdings in VanEck Intermediate Muni ETF (BATS:ITM)

Avidian Wealth Enterprises LLC lifted its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 454,583 shares of the company’s stock after purchasing an additional 3,647 shares during the period. VanEck Intermediate Muni ETF comprises 1.0% of Avidian Wealth Enterprises LLC’s investment portfolio, making the stock its 22nd biggest position. Avidian Wealth Enterprises LLC owned about 1.16% of VanEck Intermediate Muni ETF worth $21,343,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in VanEck Intermediate Muni ETF by 194.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 891 shares of the company’s stock valued at $42,000 after purchasing an additional 588 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of VanEck Intermediate Muni ETF in the second quarter valued at about $44,000. Aspire Private Capital LLC lifted its stake in shares of VanEck Intermediate Muni ETF by 74.2% in the second quarter. Aspire Private Capital LLC now owns 1,495 shares of the company’s stock worth $69,000 after buying an additional 637 shares in the last quarter. Hardin Capital Partners LLC acquired a new position in VanEck Intermediate Muni ETF during the second quarter worth about $227,000. Finally, Cetera Advisors LLC grew its stake in VanEck Intermediate Muni ETF by 25.7% during the 1st quarter. Cetera Advisors LLC now owns 5,495 shares of the company’s stock valued at $256,000 after acquiring an additional 1,125 shares in the last quarter.

VanEck Intermediate Muni ETF Stock Performance

ITM opened at $46.12 on Wednesday. The business has a fifty day simple moving average of $46.58 and a 200 day simple moving average of $46.23.

VanEck Intermediate Muni ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a dividend of $0.105 per share. This is an increase 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.