Wingate Wealth Advisors Inc. Makes New $31,000 Investment in VanEck Intermediate Muni ETF (BATS:ITM)

Wingate Wealth Advisors Inc. acquired a new stake in VanEck Intermediate Muni ETF (BATS:ITM) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 676 shares of the company’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB raised its position in VanEck Intermediate Muni ETF by 255.5% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 3,256 shares of the company’s stock valued at $150,000 after purchasing an additional 2,340 shares in the last quarter. Kingsview Wealth Management LLC increased its stake in shares of VanEck Intermediate Muni ETF by 7.9% during the fourth quarter. Kingsview Wealth Management LLC now owns 9,080 shares of the company’s stock worth $419,000 after buying an additional 667 shares during the period. Brandywine Oak Private Wealth LLC raised its holdings in VanEck Intermediate Muni ETF by 10.1% in the fourth quarter. Brandywine Oak Private Wealth LLC now owns 154,347 shares of the company’s stock valued at $7,115,000 after acquiring an additional 14,208 shares in the last quarter. Choreo LLC lifted its stake in VanEck Intermediate Muni ETF by 2.0% in the fourth quarter. Choreo LLC now owns 16,541 shares of the company’s stock worth $764,000 after acquiring an additional 321 shares during the last quarter. Finally, Sargent Investment Group LLC grew its holdings in 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 acquiring an additional 259 shares in the last quarter.

VanEck Intermediate Muni ETF Trading Up 1.2 %

Shares of BATS:ITM opened at $46.12 on Wednesday. The firm has a 50 day moving average price of $46.12 and a 200 day moving average price of $46.34.

VanEck Intermediate Muni ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a dividend of $0.11 per share. The ex-dividend date was Monday, February 3rd. This is an increase from VanEck Intermediate Muni ETF’s previous dividend of $0.11.

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.