Global Retirement Partners LLC Makes New Investment in VanEck Intermediate Muni ETF (BATS:ITM)

Posted by Defense World Staff on Aug 12th, 2023

Global Retirement Partners LLC bought a new position in VanEck Intermediate Muni ETF (BATS:ITM – Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,314 shares of the company’s stock, valued at approximately $154,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of VanEck Intermediate Muni ETF by 166.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,849,713 shares of the company’s stock valued at $266,806,000 after buying an additional 3,653,957 shares during the period. Bank of America Corp DE increased its stake in shares of VanEck Intermediate Muni ETF by 20.0% in the fourth quarter. Bank of America Corp DE now owns 14,403,808 shares of the company’s stock valued at $656,958,000 after buying an additional 2,395,861 shares during the period. CX Institutional boosted its position in shares of VanEck Intermediate Muni ETF by 163.5% during the 4th quarter. CX Institutional now owns 612,275 shares of the company’s stock valued at $27,926,000 after purchasing an additional 379,937 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of VanEck Intermediate Muni ETF during the 4th quarter valued at about $14,954,000. Finally, Dubuque Bank & Trust Co. boosted its position in shares of VanEck Intermediate Muni ETF by 37.5% during the 4th quarter. Dubuque Bank & Trust Co. now owns 880,623 shares of the company’s stock valued at $40,166,000 after purchasing an additional 240,329 shares in the last quarter.

VanEck Intermediate Muni ETF Stock Performance

Shares of VanEck Intermediate Muni ETF stock opened at $45.55 on Friday. The company’s 50 day simple moving average is $45.94 and its 200-day simple moving average is $46.06.

VanEck Intermediate Muni ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, July 7th. Investors of record on Wednesday, July 5th were given a dividend of $0.0904 per share. The ex-dividend date was Monday, July 3rd.

VanEck Intermediate Muni ETF Company Profile

(Free Report)

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.