(ITM) Intermediate Muni - BATS
ETF Category: Muni National Interm | Exchange: BATS (USA) | Market Cap: 2.181m USD | Total Return: 6.8% in 12m
Avg Turnover: 8.76M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The VanEck Intermediate Muni ETF (ITM) tracks a diversified index of U.S. dollar-denominated, tax-exempt municipal bonds. The fund maintains a mandate to invest a minimum of 80% of its assets in debt instruments that constitute the intermediate-term municipal market.
Municipal bonds are debt obligations issued by states, cities, or counties to fund public infrastructure projects like schools and highways. A primary feature of this asset class is that interest income is typically exempt from federal income taxes, making it a strategic choice for investors in higher tax brackets seeking capital preservation.
Investors looking for deeper fundamental metrics on tax-equivalent yields can find additional data points on ValueRay. The ETFs focus on intermediate durations aims to balance yield potential with sensitivity to interest rate fluctuations.
- Federal Reserve interest rate pivots shift intermediate-term bond valuations
- Fluctuations in state and local tax revenues impact municipal credit spreads
- Changes in federal income tax rates alter demand for tax-exempt yields
- Infrastructure spending legislation influences new municipal bond issuance volume
- Inversion or steepening of the Treasury yield curve affects fund NAV
As of June 20, 2026, the stock is trading at USD 46.96 with a total of 178,879 shares traded.
Over the past week, the price has changed by +0.28%,
over one month by +1.61%,
over three months by +1.00% and
over the past year by +6.75%.
Intermediate Muni has no consensus analysts rating.