Pittenger & Anderson Inc. lifted its stake in VANECK VECTORS/AMT-FREE INTER MUN (NYSEARCA:ITM) by 14.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,910 shares of the company’s stock after purchasing an additional 3,710 shares during the period. Pittenger & Anderson Inc.’s holdings in VANECK VECTORS/AMT-FREE INTER MUN were worth $674,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of ITM. Macroview Investment Management LLC bought a new position in VANECK VECTORS/AMT-FREE INTER MUN during the 2nd quarter worth about $107,000. Kwmg LLC bought a new position in VANECK VECTORS/AMT-FREE INTER MUN during the 2nd quarter worth about $135,000. WealthTrust Fairport LLC bought a new position in VANECK VECTORS/AMT-FREE INTER MUN during the 1st quarter worth about $151,000. Trilogy Capital Inc. bought a new position in VANECK VECTORS/AMT-FREE INTER MUN during the 1st quarter worth about $180,000. Finally, Sei Investments Co. grew its holdings in VANECK VECTORS/AMT-FREE INTER MUN by 1,227.1% during the 1st quarter. Sei Investments Co. now owns 9,489 shares of the company’s stock worth $223,000 after acquiring an additional 8,774 shares in the last quarter.
Shares of VANECK VECTORS/AMT-FREE INTER MUN stock opened at $23.03 on Friday. VANECK VECTORS/AMT-FREE INTER MUN has a 1 year low of $22.98 and a 1 year high of $24.30.
The firm also recently announced a monthly dividend, which was paid on Friday, October 5th. Shareholders of record on Tuesday, October 2nd were issued a dividend of $0.0461 per share. This represents a $0.55 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Monday, October 1st.
About VANECK VECTORS/AMT-FREE INTER MUN
Market Vectors Intermediate Municipal Index ETF (the Fund) seeks to replicate the price and yield performance of the Barclays Capital AMT-Free Intermediate Continuous Municipal Index (the Index). The Index provides broad exposure to investment-grade municipal bonds with a nominal maturity of 6 to 16 years.
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