Perennial Advisors LLC Lowers Position in VanEck Vectors Intermediate Municipal ETF (ITM)

Perennial Advisors LLC lowered its holdings in shares of VanEck Vectors Intermediate Municipal ETF (NYSEARCA:ITM) by 50.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,062 shares of the company’s stock after selling 1,063 shares during the period. Perennial Advisors LLC’s holdings in VanEck Vectors Intermediate Municipal ETF were worth $50,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ITM. Rehmann Capital Advisory Group raised its holdings in shares of VanEck Vectors Intermediate Municipal ETF by 854.7% in the 3rd quarter. Rehmann Capital Advisory Group now owns 692,937 shares of the company’s stock worth $29,727,000 after acquiring an additional 620,357 shares during the last quarter. American Economic Planning Group Inc. ADV purchased a new position in VanEck Vectors Intermediate Municipal ETF during the fourth quarter valued at approximately $10,192,000. Cornerstone Wealth Management LLC increased its position in VanEck Vectors Intermediate Municipal ETF by 19.8% during the third quarter. Cornerstone Wealth Management LLC now owns 855,682 shares of the company’s stock valued at $35,594,000 after acquiring an additional 141,233 shares during the last quarter. Advisors Preferred LLC purchased a new stake in VanEck Vectors Intermediate Municipal ETF in the fourth quarter worth about $4,771,000. Finally, Jane Street Group LLC increased its holdings in VanEck Vectors Intermediate Municipal ETF by 78.0% in the 3rd quarter. Jane Street Group LLC now owns 189,714 shares of the company’s stock worth $4,422,000 after buying an additional 83,149 shares during the period.

Shares of VanEck Vectors Intermediate Municipal ETF stock opened at $47.91 on Thursday. VanEck Vectors Intermediate Municipal ETF has a 12 month low of $45.86 and a 12 month high of $47.99.

The firm also recently announced a monthly dividend, which was paid on Thursday, February 7th. Shareholders of record on Monday, February 4th were given a dividend of $0.095 per share. This represents a $1.14 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Friday, February 1st.

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VanEck Vectors Intermediate Municipal ETF Company Profile

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: Asset Allocation, Balancing Your Investments

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

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