Sheets Smith Wealth Management reduced its holdings in VanEck Vectors AMT-Free Intm Mni Idx ETF (NYSEARCA:ITM) by 16.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 74,200 shares of the company’s stock after selling 15,000 shares during the quarter. Sheets Smith Wealth Management’s holdings in VanEck Vectors AMT-Free Intm Mni Idx ETF were worth $1,786,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cardan Capital Partners LLC grew its holdings in VanEck Vectors AMT-Free Intm Mni Idx ETF by 3.0% in the fourth quarter. Cardan Capital Partners LLC now owns 224,140 shares of the company’s stock valued at $5,395,000 after purchasing an additional 6,483 shares during the period. Oak Point Wealth Management acquired a new stake in VanEck Vectors AMT-Free Intm Mni Idx ETF in the fourth quarter valued at approximately $2,825,000. Confluence Investment Management LLC acquired a new stake in VanEck Vectors AMT-Free Intm Mni Idx ETF in the fourth quarter valued at approximately $228,000. Hefty Wealth Partners grew its holdings in VanEck Vectors AMT-Free Intm Mni Idx ETF by 5.3% in the fourth quarter. Hefty Wealth Partners now owns 146,119 shares of the company’s stock valued at $3,517,000 after purchasing an additional 7,336 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new stake in VanEck Vectors AMT-Free Intm Mni Idx ETF in the third quarter valued at approximately $739,000.

Shares of VanEck Vectors AMT-Free Intm Mni Idx ETF (NYSEARCA ITM) traded up $0.02 on Friday, reaching $23.91. The company’s stock had a trading volume of 415,586 shares, compared to its average volume of 682,656. VanEck Vectors AMT-Free Intm Mni Idx ETF has a one year low of $23.11 and a one year high of $24.33.

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Thursday, December 28th were issued a $0.0452 dividend. This is a positive change from VanEck Vectors AMT-Free Intm Mni Idx ETF’s previous monthly dividend of $0.04. This represents a $0.54 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Wednesday, December 27th.

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VanEck Vectors AMT-Free Intm Mni Idx 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.

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 AMT-Free Intm Mni Idx ETF (NYSEARCA:ITM).

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