VanEck Intermediate Muni ETF (BATS:ITM) Shares Sold by PNC Financial Services Group Inc.

VanEck Intermediate Muni ETF (VTIMX) is a type of exchange-traded fund (ETF) that invests in intermediate-term municipal bonds issued by U.S. states and local governments. PNC Financial Services Group Inc. (PNC) is a multinational financial services company headquartered in Pittsburgh, Pennsylvania.

On March 17, 2023, PNC announced that it had sold approximately $50 million worth of VanEck Intermediate Muni ETF shares. The sale was made as part of the bank's ongoing efforts to manage its risk exposure and optimize its investment portfolio.

It is important to note that the sale of VanEck Intermediate Muni ETF shares by PNC does not necessarily reflect any change in the fund's underlying performance or value. The decision to sell shares is typically made based on a variety of factors, including market conditions, risk tolerance, and investment objectives.

VanEck Intermediate Muni ETF has been performing well in recent years, with its total return for the past year (as of March 17, 2023) standing at approximately 9%. However, it is important to remember that investing always carries some level of risk, and past performance is not a guarantee of future results.

Overall, the sale of VanEck Intermediate Muni ETF shares by PNC is a normal business practice and does not necessarily indicate any change in the fund's underlying value or performance.