Thrivent Financial for Lutherans Makes New Investment in VanEck Intermediate Muni ETF $ITM

Thrivent Financial for Lutherans bought a new position in shares of VanEck Intermediate Muni ETF (BATS:ITM) during the fourth quarter, HoldingsChannel reports. The fund bought 94,487 shares of the company’s stock, valued at approximately $4,456,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. World Investment Advisors grew its stake in shares of VanEck Intermediate Muni ETF by 7.5% during the fourth quarter. World Investment Advisors now owns 11,285 shares of the company’s stock worth $494,000 after buying an additional 784 shares during the last quarter. Midwest Trust Co grew its stake in shares of VanEck Intermediate Muni ETF by 1.2% during the fourth quarter. Midwest Trust Co now owns 36,964 shares of the company’s stock worth $1,743,000 after buying an additional 432 shares during the last quarter. Brandywine Oak Private Wealth LLC grew its stake in shares of VanEck Intermediate Muni ETF by 8.3% during the fourth quarter. Brandywine Oak Private Wealth LLC now owns 92,351 shares of the company’s stock worth $4,355,000 after buying an additional 7,080 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of VanEck Intermediate Muni ETF during the fourth quarter worth $34,000. Finally, Avidian Wealth Enterprises LLC grew its stake in shares of VanEck Intermediate Muni ETF by 1.2% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 323,781 shares of the company’s stock worth $15,270,000 after buying an additional 3,851 shares during the last quarter.

VanEck Intermediate Muni ETF Stock Up 0.1%

BATS ITM opened at $46.48 on Friday. The firm’s fifty day moving average price is $46.69 and its two-hundred day moving average price is $47.08. VanEck Intermediate Muni ETF has a fifty-two week low of $44.89 and a fifty-two week 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.