VanEck Intermediate Muni ETF (BATS:ITM) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lessened its holdings in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 11.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,237 shares of the company’s stock after selling 940 shares during the period. Axxcess Wealth Management LLC’s holdings in VanEck Intermediate Muni ETF were worth $340,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ITM. First Horizon Advisors Inc. purchased a new stake in VanEck Intermediate Muni ETF in the fourth quarter valued at approximately $52,000. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in VanEck Intermediate Muni ETF by 126.1% during the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 92,524 shares of the company’s stock worth $4,351,000 after purchasing an additional 51,597 shares during the period. Brandywine Oak Private Wealth LLC grew its position in VanEck Intermediate Muni ETF by 2.5% during the 4th quarter. Brandywine Oak Private Wealth LLC now owns 131,369 shares of the company’s stock worth $6,178,000 after purchasing an additional 3,231 shares during the last quarter. Mather Group LLC. increased its stake in VanEck Intermediate Muni ETF by 45.6% in the fourth quarter. Mather Group LLC. now owns 356,778 shares of the company’s stock valued at $16,779,000 after purchasing an additional 111,685 shares during the period. Finally, Conservest Capital Advisors Inc. purchased a new stake in shares of VanEck Intermediate Muni ETF in the fourth quarter valued at about $322,000.

VanEck Intermediate Muni ETF Stock Performance

Shares of ITM opened at $46.11 on Thursday. The firm has a 50-day moving average price of $46.25 and a two-hundred day moving average price of $46.06.

VanEck Intermediate Muni ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a $0.111 dividend. The ex-dividend date of this dividend was Monday, April 1st. This is an increase 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.