HTLF Bank Acquires New Holdings in VanEck Intermediate Muni ETF (BATS:ITM)

HTLF Bank acquired a new stake in shares of VanEck Intermediate Muni ETF (BATS:ITM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 981,908 shares of the company’s stock, valued at approximately $46,179,000. VanEck Intermediate Muni ETF makes up approximately 5.4% of HTLF Bank’s portfolio, making the stock its 4th largest position. HTLF Bank owned 2.50% of VanEck Intermediate Muni ETF as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Goodwin Investment Advisory increased its stake in VanEck Intermediate Muni ETF by 1.5% in the first quarter. Goodwin Investment Advisory now owns 28,439 shares of the company’s stock valued at $1,322,000 after acquiring an additional 429 shares during the last quarter. BNP Paribas Arbitrage SNC bought a new position in VanEck Intermediate Muni ETF in the second quarter valued at $31,000. Private Trust Co. NA increased its stake in VanEck Intermediate Muni ETF by 6.9% in the fourth quarter. Private Trust Co. NA now owns 11,380 shares of the company’s stock valued at $535,000 after acquiring an additional 735 shares during the last quarter. Granite Harbor Advisors Inc. increased its stake in VanEck Intermediate Muni ETF by 1.6% in the third quarter. Granite Harbor Advisors Inc. now owns 48,575 shares of the company’s stock valued at $2,142,000 after acquiring an additional 749 shares during the last quarter. Finally, 1620 Investment Advisors Inc. increased its stake in VanEck Intermediate Muni ETF by 3.1% in the third quarter. 1620 Investment Advisors Inc. now owns 25,489 shares of the company’s stock valued at $1,124,000 after acquiring an additional 755 shares during the last quarter.

VanEck Intermediate Muni ETF Stock Down 0.1 %

ITM traded down $0.03 during trading on Friday, reaching $45.93. The stock had a trading volume of 151,955 shares. The firm’s 50 day moving average is $46.42 and its 200-day moving average is $45.85.

VanEck Intermediate Muni ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were issued a dividend of $0.111 per share. The ex-dividend date was Monday, April 1st. This is a positive change from VanEck Intermediate Muni ETF’s previous dividend of $0.09.

About VanEck Intermediate Muni ETF

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.