Lazard Asset Management LLC Cuts Stake in VanEck Intermediate Muni ETF (BATS:ITM)

Lazard Asset Management LLC lowered its position in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,542 shares of the company’s stock after selling 2,590 shares during the period. Lazard Asset Management LLC owned about 0.06% of VanEck Intermediate Muni ETF worth $1,177,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ITM. Bank of America Corp DE increased its stake in shares of VanEck Intermediate Muni ETF by 14.5% during the fourth quarter. Bank of America Corp DE now owns 18,215,949 shares of the company’s stock valued at $839,755,000 after buying an additional 2,307,993 shares during the period. Wells Fargo & Company MN increased its stake in shares of VanEck Intermediate Muni ETF by 80.2% during the fourth quarter. Wells Fargo & Company MN now owns 917,706 shares of the company’s stock valued at $42,306,000 after buying an additional 408,498 shares during the period. HighTower Advisors LLC increased its stake in shares of VanEck Intermediate Muni ETF by 468.5% during the fourth quarter. HighTower Advisors LLC now owns 364,622 shares of the company’s stock valued at $16,809,000 after buying an additional 300,489 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of VanEck Intermediate Muni ETF by 28.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,207,979 shares of the company’s stock valued at $55,688,000 after buying an additional 264,717 shares during the period. Finally, LPL Financial LLC increased its stake in shares of VanEck Intermediate Muni ETF by 12.1% during the fourth quarter. LPL Financial LLC now owns 1,771,835 shares of the company’s stock valued at $81,682,000 after buying an additional 190,989 shares during the period.

VanEck Intermediate Muni ETF Trading Down 0.9%

ITM opened at $45.14 on Tuesday. The business’s 50-day moving average is $45.19 and its two-hundred day moving average is $45.83. VanEck Intermediate Muni ETF has a 1 year low of $43.42 and a 1 year high of $47.01.

VanEck Intermediate Muni ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a $0.0985 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.