Truist Financial Corp Boosts Stock Position in VanEck Intermediate Muni ETF $ITM

Truist Financial Corp increased its stake in VanEck Intermediate Muni ETF (BATS:ITM) by 15.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 88,939 shares of the company’s stock after purchasing an additional 12,006 shares during the quarter. Truist Financial Corp owned about 0.22% of VanEck Intermediate Muni ETF worth $4,145,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in VanEck Intermediate Muni ETF by 47.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,636,894 shares of the company’s stock worth $165,370,000 after purchasing an additional 1,164,977 shares during the period. Ameriprise Financial Inc. boosted its position in shares of 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 period. CX Institutional boosted its position in shares of VanEck Intermediate Muni ETF by 27.3% in the third quarter. CX Institutional now owns 917,714 shares of the company’s stock valued at $42,765,000 after acquiring an additional 196,693 shares during the period. Simon Quick Advisors LLC purchased a new position in VanEck Intermediate Muni ETF during the second quarter valued at approximately $4,996,000. Finally, Willis Johnson & Associates Inc. increased its holdings in VanEck Intermediate Muni ETF by 19.7% during the 2nd quarter. Willis Johnson & Associates Inc. now owns 626,341 shares of the company’s stock worth $28,480,000 after acquiring an additional 103,261 shares during the period.

VanEck Intermediate Muni ETF Price Performance

Shares of BATS:ITM opened at $47.43 on Thursday. The firm has a fifty day moving average price of $47.21 and a two-hundred day moving average price of $46.65. VanEck Intermediate Muni ETF has a one year low of $43.42 and a one year high of $47.01.

VanEck Intermediate Muni ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be given a dividend of $0.117 per share. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, February 2nd.

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.