Alesco Advisors LLC Purchases 3,800 Shares of VanEck Intermediate Muni ETF (BATS:ITM)

Alesco Advisors LLC raised its position in VanEck Intermediate Muni ETF (BATS:ITM) by 24.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,450 shares of the company’s stock after purchasing an additional 3,800 shares during the quarter. Alesco Advisors LLC’s holdings in VanEck Intermediate Muni ETF were worth $915,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ITM. HTLF Bank bought a new position in VanEck Intermediate Muni ETF in the fourth quarter valued at about $46,179,000. Willis Johnson & Associates Inc. bought a new position in VanEck Intermediate Muni ETF in the fourth quarter valued at about $19,403,000. UBS Group AG raised its position in VanEck Intermediate Muni ETF by 57.6% in the third quarter. UBS Group AG now owns 633,530 shares of the company’s stock valued at $27,939,000 after purchasing an additional 231,515 shares during the last quarter. Envestnet Asset Management Inc. raised its position in VanEck Intermediate Muni ETF by 21.8% in the third quarter. Envestnet Asset Management Inc. now owns 721,004 shares of the company’s stock valued at $31,796,000 after purchasing an additional 129,229 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in VanEck Intermediate Muni ETF by 974.6% in the third quarter. HighTower Advisors LLC now owns 109,569 shares of the company’s stock valued at $4,833,000 after purchasing an additional 99,373 shares during the last quarter.

VanEck Intermediate Muni ETF Price Performance

Shares of ITM remained flat at $45.80 during mid-day trading on Friday. The stock had a trading volume of 107,129 shares. The firm has a 50 day simple moving average of $46.35 and a 200 day simple moving average of $45.94.

VanEck Intermediate Muni ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.111 per share. This is an increase from VanEck Intermediate Muni ETF’s previous dividend of $0.09. The ex-dividend date was Monday, April 1st.

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.