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

Royal Bank of Canada lifted its holdings in VanEck Intermediate Muni ETF (BATS:ITM) by 41.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 140,842 shares of the company’s stock after purchasing an additional 40,948 shares during the period. Royal Bank of Canada owned 0.34% of VanEck Intermediate Muni ETF worth $6,539,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ITM. AQR Capital Management LLC bought a new position in VanEck Intermediate Muni ETF during the first quarter valued at about $247,000. Baird Financial Group Inc. bought a new stake in shares of VanEck Intermediate Muni ETF during the 2nd quarter worth about $201,000. Qube Research & Technologies Ltd increased its holdings in shares of VanEck Intermediate Muni ETF by 108.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 2,953 shares of the company’s stock valued at $134,000 after acquiring an additional 1,538 shares during the last quarter. Ameriprise Financial Inc. raised its stake 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 valued at $39,908,000 after acquiring an additional 601,111 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of VanEck Intermediate Muni ETF by 12.3% in the 3rd quarter. First Trust Advisors LP now owns 10,712 shares of the company’s stock valued at $499,000 after acquiring an additional 1,172 shares in the last quarter.

VanEck Intermediate Muni ETF Stock Performance

ITM opened at $46.18 on Wednesday. The business has a 50 day moving average price of $46.57 and a 200 day moving average price of $46.86. VanEck Intermediate Muni ETF has a twelve month low of $45.45 and a twelve month high of $48.02.

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.