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

Alesco Advisors LLC grew its holdings in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 24.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,450 shares of the company’s stock after buying an additional 3,800 shares during the period. Alesco Advisors LLC’s holdings in VanEck Intermediate Muni ETF were worth $915,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. bought a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter valued at approximately $35,000. Carmel Capital Partners LLC bought a new position in shares of VanEck Intermediate Muni ETF during the third quarter valued at approximately $62,000. Regent Peak Wealth Advisors LLC bought a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter valued at approximately $203,000. Kingsview Wealth Management LLC bought a new position in VanEck Intermediate Muni ETF in the third quarter worth approximately $213,000. Finally, Cary Street Partners Investment Advisory LLC grew its stake in VanEck Intermediate Muni ETF by 28.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 5,079 shares of the company’s stock worth $224,000 after purchasing an additional 1,112 shares in the last quarter.

VanEck Intermediate Muni ETF Stock Performance

BATS:ITM remained flat at $45.80 during midday trading on Friday. The company had a trading volume of 107,129 shares. The business has a 50 day moving average of $46.35 and a 200 day moving average of $45.94.

VanEck Intermediate Muni ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a $0.111 dividend. The ex-dividend date of this dividend was Monday, April 1st. This is a boost from VanEck Intermediate Muni ETF’s previous dividend of $0.09.

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.