Thrivent Financial for Lutherans Invests $4.46 Million in VanEck Intermediate Muni ETF $ITM

Thrivent Financial for Lutherans bought a new position in shares of VanEck Intermediate Muni ETF (BATS:ITM) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 94,487 shares of the company’s stock, valued at approximately $4,456,000. Thrivent Financial for Lutherans owned 0.23% of VanEck Intermediate Muni ETF at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ITM. M&T Bank Corp bought a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter worth approximately $112,631,000. Bank of America Corp DE increased its stake in VanEck Intermediate Muni ETF by 5.8% in the third quarter. Bank of America Corp DE now owns 15,865,319 shares of the company’s stock valued at $739,324,000 after acquiring an additional 869,902 shares during the last quarter. Ameriprise Financial Inc. increased its stake in VanEck Intermediate Muni ETF by 217.3% in the second quarter. Ameriprise Financial Inc. now owns 877,749 shares of the company’s stock valued at $39,908,000 after acquiring an additional 601,111 shares during the last quarter. TIAA Trust National Association bought a new position in VanEck Intermediate Muni ETF in the third quarter valued at approximately $23,509,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in VanEck Intermediate Muni ETF by 5.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,844,618 shares of the company’s stock valued at $179,159,000 after acquiring an additional 207,724 shares during the last quarter.

VanEck Intermediate Muni ETF Price Performance

Shares of BATS:ITM opened at $46.48 on Friday. The company’s 50 day simple moving average is $46.69 and its 200 day simple moving average is $47.08. VanEck Intermediate Muni ETF has a 1 year low of $44.89 and a 1 year high of $48.02.

VanEck Intermediate Muni ETF Company Profile

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.