Hyundai Investments Co. Ltd. Buys New Shares in VanEck Intermediate Muni ETF $ITM

Hyundai Investments Co. Ltd. bought a new stake in shares of VanEck Intermediate Muni ETF (BATS:ITM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,677 shares of the company’s stock, valued at approximately $551,000. VanEck Intermediate Muni ETF comprises about 0.5% of Hyundai Investments Co. Ltd.’s investment portfolio, making the stock its 24th largest holding.

Several other institutional investors and 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 4th quarter valued at $112,631,000. UMB Bank n.a. bought a new stake in VanEck Intermediate Muni ETF in the 4th quarter worth $48,294,000. Bank of America Corp DE grew its holdings in VanEck Intermediate Muni ETF by 5.8% in the 3rd quarter. Bank of America Corp DE now owns 15,865,319 shares of the company’s stock worth $739,324,000 after acquiring an additional 869,902 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in 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 acquiring an additional 601,111 shares during the last quarter. Finally, TIAA Trust National Association bought a new stake in VanEck Intermediate Muni ETF in the 3rd quarter worth $23,509,000.

VanEck Intermediate Muni ETF Price Performance

Shares of VanEck Intermediate Muni ETF stock opened at $46.83 on Tuesday. VanEck Intermediate Muni ETF has a 12-month low of $45.13 and a 12-month high of $48.02. The company’s fifty day simple moving average is $46.75 and its two-hundred day simple moving average is $47.05.

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.