Axxcess Wealth Management LLC Raises Stock Position in VanEck Intermediate Muni ETF (BATS:ITM)

Axxcess Wealth Management LLC lifted its position in VanEck Intermediate Muni ETF (BATS:ITM) by 555.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,654 shares of the company’s stock after buying an additional 29,368 shares during the period. Axxcess Wealth Management LLC’s holdings in VanEck Intermediate Muni ETF were worth $1,598,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wingate Wealth Advisors Inc. purchased a new position in shares of VanEck Intermediate Muni ETF in the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB purchased a new stake in VanEck Intermediate Muni ETF during the 3rd quarter worth approximately $43,000. Avior Wealth Management LLC purchased a new stake in VanEck Intermediate Muni ETF during the 3rd quarter worth approximately $48,000. Darwin Wealth Management LLC purchased a new stake in VanEck Intermediate Muni ETF during the 3rd quarter worth approximately $53,000. Finally, Park Place Capital Corp purchased a new stake in VanEck Intermediate Muni ETF during the 4th quarter worth approximately $68,000.

VanEck Intermediate Muni ETF Price Performance

BATS:ITM opened at $45.84 on Thursday. VanEck Intermediate Muni ETF has a twelve month low of $45.28 and a twelve month high of $47.01. The company’s 50 day moving average is $46.09 and its two-hundred day moving average is $46.30.

VanEck Intermediate Muni ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.0985 per share. The ex-dividend date was Monday, March 3rd.

VanEck Intermediate Muni ETF Profile

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.