Thrivent Transforms Mutual Funds into Small- and Mid-Cap Value ETFs: Details Revealed
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 20 2025
0mins
Source: Benzinga
Thrivent's ETF Launch: Thrivent Asset Management has converted two mutual funds into exchange-traded funds (ETFs), the Thrivent Small Cap Value ETF (TSCV) and Thrivent Mid Cap Value ETF (TMVE), to enhance investor access to its active stock-picking strategies.
Fund Details: TSCV starts with $146.74 million in assets and a 0.60% expense ratio, while TMVE has $19.88 million and a 0.55% expense ratio, focusing on undervalued companies with improving fundamentals.
Portfolio Composition: The small-cap ETF holds 61 stocks, including Cushman & Wakefield and Plymouth Industrial REIT, while the mid-cap ETF consists of 81 stocks, featuring M&T Bank and Sysco Corp, both employing a strategy of seeking companies with stable or improving returns.
Management Fee Changes: The transition from mutual funds to ETFs introduces management fees, which were previously absent, and may affect performance, as noted by Thrivent Mutual Funds President Mike Kremenak.
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Analyst Views on MTB
Wall Street analysts forecast MTB stock price to rise
13 Analyst Rating
4 Buy
9 Hold
0 Sell
Moderate Buy
Current: 212.330
Low
210.00
Averages
229.25
High
251.00
Current: 212.330
Low
210.00
Averages
229.25
High
251.00
About MTB
M&T Bank Corporation is a financial holding company. The Company’s principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern United States from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the United States and abroad by its Wilmington Trust-affiliated companies and by M&T Bank. Its segments include Commercial Bank, Retail Bank and Institutional Services and Wealth Management. The Commercial Bank segment provides a range of credit products and banking services to middle-market and large commercial customers, mainly within the markets served by the Company. The Retail Bank segment provides a wide range of services to consumers and small businesses through the Company’s branch network and several other delivery channels. The Institutional Services and Wealth Management segment provides a variety of trustee, agency, investment management and administrative services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
M&T Bank to Present at Morgan Stanley US Financials Conference
- Conference Participation: M&T Bank will present to investors and analysts at the Morgan Stanley US Financials Conference in New York City on June 10, 2026, at 9:00 a.m. (ET), providing crucial updates and future outlooks for stakeholders.
- Webcast Details: The presentation will be available via a webcast at https://ir.mtb.com/events-presentations, which may contain material and forward-looking information, with cautionary statements regarding such information accessible through the provided link.
- Company Overview: Headquartered in Buffalo, New York, M&T Bank Corporation is a financial holding company whose principal banking subsidiary, M&T Bank, offers banking products and services across the eastern U.S. from Maine to Virginia and Washington, D.C., showcasing its extensive market reach.
- Trust Services Expansion: M&T Bank provides trust-related services in select U.S. and international markets through its Wilmington Trust-affiliated companies, further enhancing its competitive edge in the financial services sector.
See More
M&T Bank to Participate in Morgan Stanley Financials Conference
- Conference Participation: M&T Bank will present to investors and analysts at the Morgan Stanley US Financials Conference in New York City on June 10, 2026, at 9:00 a.m. (ET), aiming to enhance communication and transparency with stakeholders.
- Webcast Details: The presentation will be available via a webcast, with a link provided on M&T's investor relations website, indicating the company's commitment to disclosing material and forward-looking information to its audience.
- Company Overview: Headquartered in Buffalo, New York, M&T Bank Corporation is a financial holding company whose principal banking subsidiary, M&T Bank, offers banking products and services across the eastern U.S., showcasing its extensive market reach from Maine to Virginia and Washington, D.C.
- Trust Services Expansion: M&T Bank provides trust-related services through its Wilmington Trust-affiliated companies in select U.S. and international markets, further enhancing its diversity in financial services and competitive positioning in the industry.
See More
M&T Bank to Participate in Morgan Stanley Financials Conference
- Conference Participation: M&T Bank will present at the Morgan Stanley US Financials Conference on June 10, 2026, in New York City, showcasing its strategic outlook and financial prospects, which is expected to attract significant investor interest.
- Webcast Details: The conference will feature a webcast that includes material and forward-looking information, accessible via https://ir.mtb.com/events-presentations, ensuring transparency and information sharing to bolster investor confidence.
- Company Overview: Headquartered in Buffalo, New York, M&T Bank offers a range of banking products and services, with a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C., demonstrating strong market penetration.
- Trust Services Expansion: M&T Bank provides trust-related services through its Wilmington Trust affiliates in select U.S. and international markets, enhancing its competitive edge in the financial services sector and catering to diverse client needs.
See More
M&T Bank to Present at Barclays Conference in London
- Conference Participation: M&T Bank will participate in the Barclays Americas Select Franchise Conference in London on May 5, 2026, with a scheduled presentation for investors and analysts at 9:45 a.m. BST (4:45 a.m. ET), highlighting its strategic direction in financial services.
- Webcast Availability: The presentation will be available via a webcast, with a link provided on M&T Bank's investor relations website, ensuring that investors can access potentially material and forward-looking information in a timely manner.
- Company Background: Headquartered in Buffalo, New York, M&T Bank's principal banking subsidiary offers banking products and services across the eastern U.S. from Maine to Virginia and Washington, D.C., showcasing its extensive market coverage capabilities.
- Trust Services: M&T Bank provides trust-related services through its Wilmington Trust-affiliated companies in select markets both domestically and internationally, further enhancing its competitive edge in the financial services industry.
See More
M&T Bank to Present at Barclays Conference in London
- Conference Participation: M&T Bank will participate in the Barclays Americas Select Franchise Conference in London on May 5, 2026, which is expected to attract significant attention from investors and analysts, thereby enhancing the company's visibility in the financial market.
- Presentation Schedule: Representatives from M&T are scheduled to present at 9:45 a.m. BST (4:45 a.m. ET), showcasing the latest business developments and strategic plans aimed at boosting investor confidence and promoting shareholder value.
- Webcast Availability: The presentation will be available via webcast, allowing viewers to access it through the provided link, which will include important financial information and forward-looking statements, ensuring transparency and meeting investor information needs.
- Company Overview: Headquartered in Buffalo, New York, M&T Bank primarily offers banking products and services across the eastern U.S. from Maine to Virginia and Washington, D.C., demonstrating its strong influence in the regional financial services market.
See More
M&T Bank Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: M&T Bank has declared a cash dividend of $1.50 per share, payable on June 30, 2026, which enhances shareholder returns and reflects the company's strong financial health and profitability.
- Preferred Stock Dividends: Additionally, M&T will pay quarterly cash dividends on its perpetual preferred stock on June 15, 2026, further solidifying its commitment to investors and boosting market confidence.
- Record Date for Shareholders: The record date for all dividends is set for June 1, 2026, ensuring that eligible shareholders receive their dividends promptly, thereby increasing the attractiveness of their investments.
- Company Background: Headquartered in Buffalo, New York, M&T Bank operates a comprehensive branch and ATM network across the eastern U.S., providing a diverse range of banking products and services, showcasing its strong competitive position in the financial services industry.
See More
M&T Bank to Present at Morgan Stanley US Financials Conference
- Conference Participation: M&T Bank will present to investors and analysts at the Morgan Stanley US Financials Conference in New York City on June 10, 2026, at 9:00 a.m. (ET), providing crucial updates and future outlooks for stakeholders.
- Webcast Details: The presentation will be available via a webcast at https://ir.mtb.com/events-presentations, which may contain material and forward-looking information, with cautionary statements regarding such information accessible through the provided link.
- Company Overview: Headquartered in Buffalo, New York, M&T Bank Corporation is a financial holding company whose principal banking subsidiary, M&T Bank, offers banking products and services across the eastern U.S. from Maine to Virginia and Washington, D.C., showcasing its extensive market reach.
- Trust Services Expansion: M&T Bank provides trust-related services in select U.S. and international markets through its Wilmington Trust-affiliated companies, further enhancing its competitive edge in the financial services sector.
See More
M&T Bank to Participate in Morgan Stanley Financials Conference
- Conference Participation: M&T Bank will present to investors and analysts at the Morgan Stanley US Financials Conference in New York City on June 10, 2026, at 9:00 a.m. (ET), aiming to enhance communication and transparency with stakeholders.
- Webcast Details: The presentation will be available via a webcast, with a link provided on M&T's investor relations website, indicating the company's commitment to disclosing material and forward-looking information to its audience.
- Company Overview: Headquartered in Buffalo, New York, M&T Bank Corporation is a financial holding company whose principal banking subsidiary, M&T Bank, offers banking products and services across the eastern U.S., showcasing its extensive market reach from Maine to Virginia and Washington, D.C.
- Trust Services Expansion: M&T Bank provides trust-related services through its Wilmington Trust-affiliated companies in select U.S. and international markets, further enhancing its diversity in financial services and competitive positioning in the industry.
See More
M&T Bank to Participate in Morgan Stanley Financials Conference
- Conference Participation: M&T Bank will present at the Morgan Stanley US Financials Conference on June 10, 2026, in New York City, showcasing its strategic outlook and financial prospects, which is expected to attract significant investor interest.
- Webcast Details: The conference will feature a webcast that includes material and forward-looking information, accessible via https://ir.mtb.com/events-presentations, ensuring transparency and information sharing to bolster investor confidence.
- Company Overview: Headquartered in Buffalo, New York, M&T Bank offers a range of banking products and services, with a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C., demonstrating strong market penetration.
- Trust Services Expansion: M&T Bank provides trust-related services through its Wilmington Trust affiliates in select U.S. and international markets, enhancing its competitive edge in the financial services sector and catering to diverse client needs.
See More
M&T Bank to Present at Barclays Conference in London
- Conference Participation: M&T Bank will participate in the Barclays Americas Select Franchise Conference in London on May 5, 2026, with a scheduled presentation for investors and analysts at 9:45 a.m. BST (4:45 a.m. ET), highlighting its strategic direction in financial services.
- Webcast Availability: The presentation will be available via a webcast, with a link provided on M&T Bank's investor relations website, ensuring that investors can access potentially material and forward-looking information in a timely manner.
- Company Background: Headquartered in Buffalo, New York, M&T Bank's principal banking subsidiary offers banking products and services across the eastern U.S. from Maine to Virginia and Washington, D.C., showcasing its extensive market coverage capabilities.
- Trust Services: M&T Bank provides trust-related services through its Wilmington Trust-affiliated companies in select markets both domestically and internationally, further enhancing its competitive edge in the financial services industry.
See More
M&T Bank to Present at Barclays Conference in London
- Conference Participation: M&T Bank will participate in the Barclays Americas Select Franchise Conference in London on May 5, 2026, which is expected to attract significant attention from investors and analysts, thereby enhancing the company's visibility in the financial market.
- Presentation Schedule: Representatives from M&T are scheduled to present at 9:45 a.m. BST (4:45 a.m. ET), showcasing the latest business developments and strategic plans aimed at boosting investor confidence and promoting shareholder value.
- Webcast Availability: The presentation will be available via webcast, allowing viewers to access it through the provided link, which will include important financial information and forward-looking statements, ensuring transparency and meeting investor information needs.
- Company Overview: Headquartered in Buffalo, New York, M&T Bank primarily offers banking products and services across the eastern U.S. from Maine to Virginia and Washington, D.C., demonstrating its strong influence in the regional financial services market.
See More
M&T Bank Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: M&T Bank has declared a cash dividend of $1.50 per share, payable on June 30, 2026, which enhances shareholder returns and reflects the company's strong financial health and profitability.
- Preferred Stock Dividends: Additionally, M&T will pay quarterly cash dividends on its perpetual preferred stock on June 15, 2026, further solidifying its commitment to investors and boosting market confidence.
- Record Date for Shareholders: The record date for all dividends is set for June 1, 2026, ensuring that eligible shareholders receive their dividends promptly, thereby increasing the attractiveness of their investments.
- Company Background: Headquartered in Buffalo, New York, M&T Bank operates a comprehensive branch and ATM network across the eastern U.S., providing a diverse range of banking products and services, showcasing its strong competitive position in the financial services industry.
See More
