Sargent Investment Group LLC Purchases 259 Shares of VanEck Intermediate Muni ETF (BATS:ITM)

Sargent Investment Group LLC increased its holdings in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,691 shares of the company’s stock after acquiring an additional 259 shares during the period. Sargent Investment Group LLC’s holdings in VanEck Intermediate Muni ETF were worth $306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ITM. HTLF Bank grew its holdings in shares of VanEck Intermediate Muni ETF by 20.7% during the third quarter. HTLF Bank now owns 1,271,148 shares of the company’s stock worth $59,680,000 after purchasing an additional 218,233 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of VanEck Intermediate Muni ETF during the third quarter worth $3,551,000. CX Institutional grew its holdings in shares of VanEck Intermediate Muni ETF by 8.5% during the fourth quarter. CX Institutional now owns 738,357 shares of the company’s stock worth $34,038,000 after purchasing an additional 58,129 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of VanEck Intermediate Muni ETF by 67.5% during the fourth quarter. Park Avenue Securities LLC now owns 128,152 shares of the company’s stock worth $5,908,000 after purchasing an additional 51,628 shares during the last quarter. Finally, OLD National Bancorp IN grew its holdings in shares of VanEck Intermediate Muni ETF by 16.4% during the fourth quarter. OLD National Bancorp IN now owns 250,100 shares of the company’s stock worth $11,530,000 after purchasing an additional 35,162 shares during the last quarter.

VanEck Intermediate Muni ETF Trading Up 1.5 %

Shares of ITM stock opened at $46.27 on Thursday. The business’s 50 day simple moving average is $46.14 and its two-hundred day simple moving average is $46.34.

VanEck Intermediate Muni ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, February 3rd. This is a boost from VanEck Intermediate Muni ETF’s previous dividend of $0.11.

VanEck Intermediate Muni ETF Company 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.