First Horizon Advisors Inc. Acquires New Position in VanEck Intermediate Muni ETF (BATS:ITM)

First Horizon Advisors Inc. acquired a new stake in shares of VanEck Intermediate Muni ETF (BATS:ITM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 16,390 shares of the company’s stock, valued at approximately $756,000.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in VanEck Intermediate Muni ETF by 0.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 807,035 shares of the company’s stock worth $37,890,000 after purchasing an additional 4,181 shares in the last quarter. CX Institutional lifted its holdings in VanEck Intermediate Muni ETF by 8.5% in the 4th quarter. CX Institutional now owns 738,357 shares of the company’s stock worth $34,038,000 after purchasing an additional 58,129 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in VanEck Intermediate Muni ETF by 0.8% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 454,583 shares of the company’s stock worth $21,343,000 after purchasing an additional 3,647 shares in the last quarter. Davidson Investment Advisors lifted its holdings in VanEck Intermediate Muni ETF by 7.5% in the 4th quarter. Davidson Investment Advisors now owns 335,364 shares of the company’s stock worth $15,460,000 after purchasing an additional 23,412 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in VanEck Intermediate Muni ETF by 2.7% in the 3rd quarter. Stifel Financial Corp now owns 333,342 shares of the company’s stock worth $15,650,000 after purchasing an additional 8,837 shares in the last quarter.

VanEck Intermediate Muni ETF Stock Performance

BATS ITM opened at $46.44 on Tuesday. The business has a 50 day simple moving average of $46.05 and a 200 day simple moving average of $46.33.

VanEck Intermediate Muni ETF Increases Dividend

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

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.