VanEck Intermediate Muni ETF (BATS:ITM) is Goodwin Investment Advisory’s 10th Largest Position

Goodwin Investment Advisory boosted its holdings in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 20.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,450 shares of the company’s stock after purchasing an additional 10,834 shares during the quarter. VanEck Intermediate Muni ETF comprises 1.6% of Goodwin Investment Advisory’s portfolio, making the stock its 10th biggest holding. Goodwin Investment Advisory owned 0.16% of VanEck Intermediate Muni ETF worth $2,984,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in shares of VanEck Intermediate Muni ETF by 633.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,818 shares of the company’s stock valued at $83,000 after buying an additional 1,570 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new stake in VanEck Intermediate Muni ETF in the 4th quarter worth $216,000. Renaissance Technologies LLC purchased a new stake in VanEck Intermediate Muni ETF in the 4th quarter worth $14,954,000. Baird Financial Group Inc. boosted its holdings in shares of VanEck Intermediate Muni ETF by 500.4% during the 4th quarter. Baird Financial Group Inc. now owns 46,281 shares of the company’s stock valued at $2,111,000 after purchasing an additional 38,572 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter valued at about $1,178,000.

VanEck Intermediate Muni ETF Trading Up 0.2 %

Shares of BATS:ITM traded up $0.10 during mid-day trading on Wednesday, reaching $45.96. The stock had a trading volume of 145,495 shares. The business has a 50-day moving average of $46.44 and a 200 day moving average of $45.85.

VanEck Intermediate Muni ETF Increases Dividend

The company also recently announced 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.

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.