Summary
ITM Power banks £46.5 million grant from UK government
ITM Power PLC (AIM:ITM) said a £46.5 million grant from the Department for Energy Security and Net Zero has been formally awarded, giving the electrolyser maker public-sector backing for its next-generation Chronos manufacturing line in Sheffield. The grant, first announced in April, comes alongside a £40 million equity investment from Great British Energy.
Jefferies lifts targets on ITM Power and Ceres Power as rally tests 2021 valuations
ITM Power PLC (AIM:ITM) and Ceres Power Holdings PLC (LSE:CWR, OTC:CPWHF) have staged two of the most dramatic recoveries on the London market this year, with their shares up 160% and 230% respectively since January. Jefferies has responded by sharply upgrading its price targets on both stocks while sounding a note of caution about valuations that are beginning to echo the hydrogen hype of 2021.
ITM Power soars on new Rheinmetall venture
ITM Power PLC (AIM:ITM) shares soared, rising more than 35% to 127.56p, after it announced it has teamed up with Rheinmetall AG on a defence-focused synthetic fuels project that could open a repeatable route for large-scale electrolyser deployments, as the pair target a planned Europe-wide network of decentralised e-fuel plants for NATO armed forces. The collaboration centres on Rheinmetall's Giga PtX project, which is designed to strengthen defence energy resilience, sovereign fuel capability and operational readiness.
VanEck Intermediate Muni ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 93,331 | $4.35M | $4.35M | $692.68 | 0.02% |
 CliftonLarsonAllen Wealth Advisors CliftonLarsonAllen Wealth Advisors LLC | 1.05M | $48.91M | $49.16M | $247,627.67 | 0.51% |
| YA Yinka Akinsola Blue Trust Inc. | 633 | $29,111.53 | $29,519.95 | $408.42 | 1.4% |
| MJ Michelle Johnston 1620 INVESTMENT ADVISORS Inc. | 26,082 | $1.2M | $1.21M | $10,302.39 | 0.86% |
| LWL Leo Wealth LLC Leo Wealth LLC | 11,038 | $520,552 | $514,646.75 | -$5,905.25 | -1.13% |
VanEck Intermediate Muni ETF (ITM) FAQ
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VanEck Intermediate Muni ETF Profile
| BATS Exchange | US Country |
Overview
The fund is specifically designed for investors seeking to invest primarily in the fixed income market, particularly in publicly traded municipal bonds within the United States. By allocating at least 80% of its total assets into fixed income securities that are part of the index it tracks, the fund aims to provide investors with exposure to the intermediate term tax-exempt bond market. This focus on U.S. dollar-denominated municipal bonds allows the fund to cater to investors looking for tax-exempt income, potentially making it an attractive option for those in higher tax brackets looking for tax-efficient investment solutions.
Products and Services
- Fixed Income Securities Investment
The core service offered involves investment in fixed income securities that make up the fund's primary index. These securities include a wide array of publicly traded municipal bonds that span the intermediate term tax-exempt bond market in the U.S. This service is designed for investors seeking reliable income through interest payments, with a focus on tax-exempt municipal bonds.
- Intermediate-Term Tax-Exempt Bond Market Access
Investors gain access to a diversified portfolio of U.S. dollar-denominated municipal bonds through the fund. By focusing on the intermediate segment of the tax-exempt bond market, the fund positions itself to provide a balance between risk and return. This is particularly appealing to those looking for moderate growth while enjoying tax-exempt income, suitable for investors with an intermediate investment horizon.
