Rehmann Capital Advisory Group Trims Stake in VanEck Vectors Intermediate Municipal ETF (ITM)

Rehmann Capital Advisory Group trimmed its stake in shares of VanEck Vectors Intermediate Municipal ETF (NYSEARCA:ITM) by 58.9% in the third quarter, HoldingsChannel.com reports. The fund owned 29,825 shares of the company’s stock after selling 42,755 shares during the period. Rehmann Capital Advisory Group’s holdings in VanEck Vectors Intermediate Municipal ETF were worth $695,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ITM. Carroll Financial Associates Inc. lifted its position in shares of VanEck Vectors Intermediate Municipal ETF by 82.2% during the 3rd quarter. Carroll Financial Associates Inc. now owns 4,971 shares of the company’s stock valued at $115,000 after acquiring an additional 2,242 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of VanEck Vectors Intermediate Municipal ETF by 86.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 5,275 shares of the company’s stock valued at $123,000 after acquiring an additional 2,439 shares during the period. Kwmg LLC acquired a new stake in shares of VanEck Vectors Intermediate Municipal ETF during the 2nd quarter valued at approximately $135,000. Raymond James Trust N.A. acquired a new stake in shares of VanEck Vectors Intermediate Municipal ETF during the 3rd quarter valued at approximately $221,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of VanEck Vectors Intermediate Municipal ETF during the 3rd quarter valued at approximately $233,000.

ITM stock opened at $47.27 on Friday. VanEck Vectors Intermediate Municipal ETF has a 12-month low of $45.86 and a 12-month high of $48.46.

The business also recently declared a monthly dividend, which was paid on Friday, December 7th. Stockholders of record on Tuesday, December 4th were given a dividend of $0.0914 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.32%. This is an increase from VanEck Vectors Intermediate Municipal ETF’s previous monthly dividend of $0.05. The ex-dividend date was Monday, December 3rd.

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About VanEck Vectors Intermediate Municipal ETF

Market Vectors Intermediate Municipal Index ETF (the Fund) seeks to replicate the price and yield performance of the Barclays Capital AMT-Free Intermediate Continuous Municipal Index (the Index). The Index provides broad exposure to investment-grade municipal bonds with a nominal maturity of 6 to 16 years.

Further Reading: Consumer Price Index (CPI)

Want to see what other hedge funds are holding ITM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Vectors Intermediate Municipal ETF (NYSEARCA:ITM).

Institutional Ownership by Quarter for VanEck Vectors Intermediate Municipal ETF (NYSEARCA:ITM)

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