Oppenheimer & Co. Inc. Has $1.31 Million Stock Position in VanEck Intermediate Muni ETF (BATS:ITM)

Oppenheimer & Co. Inc. reduced its holdings in VanEck Intermediate Muni ETF (BATS:ITM) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 27,833 shares of the company’s stock after selling 319 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.07% of VanEck Intermediate Muni ETF worth $1,307,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ITM. Farther Finance Advisors LLC boosted its stake in VanEck Intermediate Muni ETF by 194.1% during the third quarter. Farther Finance Advisors LLC now owns 891 shares of the company’s stock worth $42,000 after acquiring an additional 588 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of VanEck Intermediate Muni ETF in the second quarter valued at $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 valued at $69,000 after buying an additional 637 shares in the last quarter. Kennebec Savings Bank bought a new position in shares of VanEck Intermediate Muni ETF in the third quarter valued at $152,000. Finally, Hardin Capital Partners LLC bought a new position in shares of VanEck Intermediate Muni ETF in the second quarter valued at $227,000.

VanEck Intermediate Muni ETF Stock Performance

VanEck Intermediate Muni ETF stock opened at $46.22 on Tuesday. The firm has a fifty day simple moving average of $46.49 and a two-hundred day simple moving average of $46.24.

VanEck Intermediate Muni ETF Increases Dividend

The firm also recently disclosed 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 positive change from VanEck Intermediate Muni ETF’s previous dividend of $0.10. The ex-dividend date 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.