Sykon Capital LLC Invests $2.46 Million in VanEck Intermediate Muni ETF (BATS:ITM)

Sykon Capital LLC purchased a new position in VanEck Intermediate Muni ETF (BATS:ITM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 52,191 shares of the company’s stock, valued at approximately $2,455,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. purchased a new position in VanEck Intermediate Muni ETF during the fourth quarter valued at approximately $35,000. Parkside Financial Bank & Trust lifted its position in VanEck Intermediate Muni ETF by 7.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 33,561 shares of the company’s stock valued at $1,578,000 after purchasing an additional 2,227 shares during the period. Cornerstone Wealth Management LLC boosted its holdings in VanEck Intermediate Muni ETF by 5.0% in the third quarter. Cornerstone Wealth Management LLC now owns 67,668 shares of the company’s stock valued at $2,984,000 after purchasing an additional 3,223 shares during the last quarter. Envestnet Asset Management Inc. grew its position in VanEck Intermediate Muni ETF by 21.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 721,004 shares of the company’s stock worth $31,796,000 after purchasing an additional 129,229 shares during the period. Finally, Willis Johnson & Associates Inc. purchased a new position in shares of VanEck Intermediate Muni ETF during the 4th quarter valued at about $19,403,000.

VanEck Intermediate Muni ETF Stock Up 0.3 %

Shares of ITM traded up $0.14 during mid-day trading on Friday, reaching $46.00. The company had a trading volume of 175,586 shares. The company has a 50-day moving average price of $46.29 and a 200 day moving average price of $46.01.

VanEck Intermediate Muni ETF Increases Dividend

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

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.