Royal Bank of Canada Purchases 40,948 Shares of VanEck Intermediate Muni ETF $ITM

Royal Bank of Canada grew its holdings in VanEck Intermediate Muni ETF (BATS:ITM) by 41.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 140,842 shares of the company’s stock after purchasing an additional 40,948 shares during the quarter. Royal Bank of Canada’s holdings in VanEck Intermediate Muni ETF were worth $6,539,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ITM. Northwestern Mutual Wealth Management Co. grew its holdings in VanEck Intermediate Muni ETF by 10.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,239,352 shares of the company’s stock valued at $199,928,000 after buying an additional 394,734 shares during the last quarter. M&T Bank Corp acquired a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter worth approximately $112,631,000. LPL Financial LLC boosted its position in shares of VanEck Intermediate Muni ETF by 2.4% in the fourth quarter. LPL Financial LLC now owns 2,133,566 shares of the company’s stock valued at $100,619,000 after acquiring an additional 50,368 shares during the period. Ameriprise Financial Inc. boosted its position in shares of VanEck Intermediate Muni ETF by 46.0% in the third quarter. Ameriprise Financial Inc. now owns 1,281,231 shares of the company’s stock valued at $59,715,000 after acquiring an additional 403,482 shares during the period. Finally, UMB Bank n.a. bought a new stake in shares of VanEck Intermediate Muni ETF in the fourth quarter valued at approximately $48,294,000.

VanEck Intermediate Muni ETF Stock Performance

Shares of VanEck Intermediate Muni ETF stock opened at $46.18 on Wednesday. VanEck Intermediate Muni ETF has a 1 year low of $45.45 and a 1 year high of $48.02. The company’s fifty day simple moving average is $46.57 and its 200-day simple moving average is $46.86.

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.