Axxcess Wealth Management LLC Has $340,000 Stock Position in VanEck Intermediate Muni ETF (BATS:ITM)

Axxcess Wealth Management LLC cut its position in VanEck Intermediate Muni ETF (BATS:ITM) by 11.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,237 shares of the company’s stock after selling 940 shares during the quarter. Axxcess Wealth Management LLC’s holdings in VanEck Intermediate Muni ETF were worth $340,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. acquired a new stake in shares of VanEck Intermediate Muni ETF in the fourth quarter valued at about $35,000. Parkside Financial Bank & Trust boosted its holdings in VanEck Intermediate Muni ETF by 7.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 33,561 shares of the company’s stock valued at $1,578,000 after purchasing an additional 2,227 shares during the period. Cornerstone Wealth Management LLC grew its position in VanEck Intermediate Muni ETF by 5.0% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 67,668 shares of the company’s stock worth $2,984,000 after purchasing an additional 3,223 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of VanEck Intermediate Muni ETF by 21.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 721,004 shares of the company’s stock worth $31,796,000 after purchasing an additional 129,229 shares during the period. Finally, Willis Johnson & Associates Inc. acquired a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter valued at about $19,403,000.

VanEck Intermediate Muni ETF Stock Performance

ITM stock opened at $46.11 on Thursday. The business’s fifty day moving average price is $46.25 and its 200-day moving average price is $46.06.

VanEck Intermediate Muni ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.111 per share. The ex-dividend date of this dividend was Monday, April 1st. This is a positive change from VanEck Intermediate Muni ETF’s previous dividend of $0.09.

VanEck Intermediate Muni ETF Company 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.