PNC Financial Services Group Inc. Buys 21,786 Shares of VanEck Intermediate Muni ETF $ITM

PNC Financial Services Group Inc. raised its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 1,089,300.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,788 shares of the company’s stock after acquiring an additional 21,786 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.05% of VanEck Intermediate Muni ETF worth $1,028,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of ITM. AQR Capital Management LLC bought a new stake in VanEck Intermediate Muni ETF during the 1st quarter valued at $247,000. Baird Financial Group Inc. acquired a new stake in shares of VanEck Intermediate Muni ETF in the 2nd quarter worth $201,000. Qube Research & Technologies Ltd boosted its position in shares of VanEck Intermediate Muni ETF by 108.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 2,953 shares of the company’s stock worth $134,000 after purchasing an additional 1,538 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of VanEck Intermediate Muni ETF by 217.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 877,749 shares of the company’s stock worth $39,908,000 after purchasing an additional 601,111 shares in the last quarter. Finally, Truist Financial Corp boosted its position in shares of VanEck Intermediate Muni ETF by 15.6% in the 3rd quarter. Truist Financial Corp now owns 88,939 shares of the company’s stock worth $4,145,000 after purchasing an additional 12,006 shares in the last quarter.

VanEck Intermediate Muni ETF Price Performance

VanEck Intermediate Muni ETF stock opened at $46.94 on Friday. VanEck Intermediate Muni ETF has a 1-year low of $44.89 and a 1-year high of $48.02. The business has a fifty day moving average price of $46.66 and a 200-day moving average price of $47.07.

VanEck Intermediate Muni ETF 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.