PNC Financial Services Group Inc. Invests $89,000 in VanEck Intermediate Muni ETF (BATS:ITM)

PNC Financial Services Group Inc. acquired a new stake in shares of VanEck Intermediate Muni ETF (BATS:ITM) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,927 shares of the company’s stock, valued at approximately $89,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ITM. Oppenheimer & Co. Inc. boosted its holdings in VanEck Intermediate Muni ETF by 0.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 28,065 shares of the company’s stock valued at $1,294,000 after acquiring an additional 232 shares during the last quarter. Financial Counselors Inc. raised its stake in shares of VanEck Intermediate Muni ETF by 0.7% in the 3rd quarter. Financial Counselors Inc. now owns 37,750 shares of the company’s stock valued at $1,772,000 after acquiring an additional 253 shares during the period. Sargent Investment Group LLC lifted its holdings in shares of VanEck Intermediate Muni ETF by 4.0% during the 4th quarter. Sargent Investment Group LLC now owns 6,691 shares of the company’s stock valued at $306,000 after acquiring an additional 259 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in shares of VanEck Intermediate Muni ETF by 6.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,563 shares of the company’s stock valued at $210,000 after acquiring an additional 296 shares in the last quarter. Finally, Choreo LLC increased its holdings in VanEck Intermediate Muni ETF by 2.0% in the 4th quarter. Choreo LLC now owns 16,541 shares of the company’s stock valued at $764,000 after purchasing an additional 321 shares in the last quarter.

VanEck Intermediate Muni ETF Price Performance

BATS:ITM opened at $45.61 on Wednesday. VanEck Intermediate Muni ETF has a 12 month low of $45.28 and a 12 month high of $47.01. The business’s 50-day moving average is $46.08 and its two-hundred day moving average is $46.28.

VanEck Intermediate Muni ETF Cuts Dividend

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

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.