VanEck Intermediate Muni ETF (BATS:ITM) Reaches New 1-Year High – Time to Buy?

VanEck Intermediate Muni ETF (BATS:ITM)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $47.79 and last traded at $47.7450, with a volume of 150773 shares trading hands. The stock had previously closed at $47.67.

VanEck Intermediate Muni ETF Stock Up 0.1%

The business has a fifty day moving average of $47.34 and a two-hundred day moving average of $46.81.

VanEck Intermediate Muni ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.117 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 2.9%.

Institutional Trading of VanEck Intermediate Muni ETF

Several large investors have recently made changes to their positions in ITM. Blair William & Co. IL raised its position in shares of VanEck Intermediate Muni ETF by 39.8% in the fourth quarter. Blair William & Co. IL now owns 737 shares of the company’s stock valued at $35,000 after buying an additional 210 shares during the last quarter. WBH Advisory Inc. increased its position in shares of VanEck Intermediate Muni ETF by 2.8% during the third quarter. WBH Advisory Inc. now owns 13,595 shares of the company’s stock valued at $634,000 after acquiring an additional 373 shares during the last quarter. Baker Avenue Asset Management LP raised its position in VanEck Intermediate Muni ETF by 1.9% in the second quarter. Baker Avenue Asset Management LP now owns 21,301 shares of the company’s stock valued at $969,000 after purchasing an additional 391 shares during the period. Midwest Trust Co raised its holdings in shares of VanEck Intermediate Muni ETF by 1.2% in the 4th quarter. Midwest Trust Co now owns 36,964 shares of the company’s stock valued at $1,743,000 after buying an additional 432 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in shares of VanEck Intermediate Muni ETF by 9.3% during the second quarter. First Horizon Advisors Inc. now owns 5,242 shares of the company’s stock worth $238,000 after purchasing an additional 445 shares in the last quarter.

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.