JPMorgan Chase & Co. Raises Stake in VanEck Intermediate Muni ETF $ITM

JPMorgan Chase & Co. boosted its position in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 19.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 479,900 shares of the company’s stock after acquiring an additional 78,104 shares during the period. JPMorgan Chase & Co.’s holdings in VanEck Intermediate Muni ETF were worth $22,363,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ITM. AQR Capital Management LLC purchased a new stake in shares of VanEck Intermediate Muni ETF during the 1st quarter worth $247,000. Rockefeller Capital Management L.P. grew its stake in shares of VanEck Intermediate Muni ETF by 81.3% during the second quarter. Rockefeller Capital Management L.P. now owns 35,676 shares of the company’s stock worth $1,622,000 after purchasing an additional 16,001 shares in the last quarter. Choreo LLC increased its holdings in VanEck Intermediate Muni ETF by 136.0% in the second quarter. Choreo LLC now owns 38,564 shares of the company’s stock valued at $1,754,000 after buying an additional 22,225 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in VanEck Intermediate Muni ETF by 47.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,636,894 shares of the company’s stock valued at $165,370,000 after buying an additional 1,164,977 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in VanEck Intermediate Muni ETF in the second quarter valued at $667,000.

VanEck Intermediate Muni ETF Stock Down 0.8%

Shares of BATS ITM opened at $46.28 on Wednesday. The business has a 50-day moving average of $47.39 and a two-hundred day moving average of $47.10. VanEck Intermediate Muni ETF has a 1 year low of $43.42 and a 1 year high of $48.02.

VanEck Intermediate Muni ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1043 per share. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, March 2nd.

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.