Conservest Capital Advisors Inc. Buys New Stake in VanEck Intermediate Muni ETF (BATS:ITM)

Conservest Capital Advisors Inc. bought a new stake in VanEck Intermediate Muni ETF (BATS:ITM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,840 shares of the company’s stock, valued at approximately $322,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ITM. Park Avenue Securities LLC lifted its stake in VanEck Intermediate Muni ETF by 16.7% in the 3rd quarter. Park Avenue Securities LLC now owns 55,461 shares of the company’s stock valued at $2,446,000 after buying an additional 7,919 shares in the last quarter. Gradient Investments LLC raised its holdings in VanEck Intermediate Muni ETF by 27.3% in the 3rd quarter. Gradient Investments LLC now owns 8,850 shares of the company’s stock valued at $390,000 after acquiring an additional 1,899 shares during the last quarter. Dubuque Bank & Trust Co lifted its stake in shares of VanEck Intermediate Muni ETF by 7.0% during the 3rd quarter. Dubuque Bank & Trust Co now owns 838,583 shares of the company’s stock worth $36,982,000 after purchasing an additional 55,134 shares during the period. Carmel Capital Partners LLC purchased a new position in shares of VanEck Intermediate Muni ETF during the 3rd quarter worth $62,000. Finally, Venturi Wealth Management LLC lifted its stake in shares of VanEck Intermediate Muni ETF by 13.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 101,126 shares of the company’s stock worth $4,460,000 after purchasing an additional 12,058 shares during the period.

VanEck Intermediate Muni ETF Stock Performance

Shares of VanEck Intermediate Muni ETF stock remained flat at $45.80 during trading hours on Friday. The company’s stock had a trading volume of 107,129 shares. The business’s 50 day moving average price is $46.35 and its 200-day moving average price is $45.95.

VanEck Intermediate Muni ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a dividend of $0.111 per share. 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 Company 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.