VanEck Intermediate Muni ETF (BATS:ITM) Shares Sold by Family Capital Management Inc.

Family Capital Management Inc. cut its holdings in VanEck Intermediate Muni ETF (BATS:ITM) by 21.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,715 shares of the company’s stock after selling 3,265 shares during the period. Family Capital Management Inc.’s holdings in VanEck Intermediate Muni ETF were worth $540,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Wingate Wealth Advisors Inc. purchased a new position in VanEck Intermediate Muni ETF during the fourth quarter worth $31,000. Farther Finance Advisors LLC increased its position in VanEck Intermediate Muni ETF by 194.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 891 shares of the company’s stock worth $42,000 after purchasing an additional 588 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in VanEck Intermediate Muni ETF in the 3rd quarter valued at about $43,000. Avior Wealth Management LLC acquired a new position in VanEck Intermediate Muni ETF in the 3rd quarter valued at about $48,000. Finally, Darwin Wealth Management LLC purchased a new position in VanEck Intermediate Muni ETF in the 3rd quarter valued at about $53,000.

VanEck Intermediate Muni ETF Price Performance

ITM stock opened at $46.14 on Friday. The stock has a 50 day moving average price of $46.09 and a 200 day moving average price of $46.34.

VanEck Intermediate Muni ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.11 dividend. This is a positive change from VanEck Intermediate Muni ETF’s previous dividend of $0.11. The ex-dividend date of this dividend was Monday, February 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.