Northwestern Mutual Wealth Management Co. Buys 394,734 Shares of VanEck Intermediate Muni ETF $ITM

Northwestern Mutual Wealth Management Co. increased its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,239,352 shares of the company’s stock after acquiring an additional 394,734 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.10% of VanEck Intermediate Muni ETF worth $199,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of America Corp DE grew its position in VanEck Intermediate Muni ETF by 5.8% during 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. M&T Bank Corp bought a new position in VanEck Intermediate Muni ETF during the 4th quarter worth approximately $112,631,000. Ameriprise Financial Inc. grew its position in VanEck Intermediate Muni ETF by 46.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,281,231 shares of the company’s stock worth $59,715,000 after acquiring an additional 403,482 shares during the last quarter. Envestnet Asset Management Inc. grew its position in VanEck Intermediate Muni ETF by 18.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,051,513 shares of the company’s stock worth $49,001,000 after acquiring an additional 163,729 shares during the last quarter. Finally, CX Institutional grew its position in VanEck Intermediate Muni ETF by 1.8% during the 4th quarter. CX Institutional now owns 934,668 shares of the company’s stock worth $44,079,000 after acquiring an additional 16,954 shares during the last quarter.

VanEck Intermediate Muni ETF Price Performance

Shares of VanEck Intermediate Muni ETF stock opened at $46.85 on Friday. VanEck Intermediate Muni ETF has a 12-month low of $44.89 and a 12-month high of $48.02. The company’s fifty day simple moving average is $46.66 and its two-hundred day simple moving average is $47.07.

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.