Axxcess Wealth Management LLC Buys 75,031 Shares of VanEck Intermediate Muni ETF $ITM

Axxcess Wealth Management LLC raised its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM) by 1,608.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,696 shares of the company’s stock after buying an additional 75,031 shares during the quarter. Axxcess Wealth Management LLC’s holdings in VanEck Intermediate Muni ETF were worth $3,624,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Columbia River Financial Group LLC increased its position in shares of VanEck Intermediate Muni ETF by 8.0% during the first quarter. Columbia River Financial Group LLC now owns 16,912 shares of the company’s stock valued at $769,000 after buying an additional 1,248 shares during the period. FOCUS Wealth Advisors LLC raised its holdings in shares of VanEck Intermediate Muni ETF by 2.5% in the 2nd quarter. FOCUS Wealth Advisors LLC now owns 156,012 shares of the company’s stock valued at $7,094,000 after acquiring an additional 3,790 shares in the last quarter. SteelPeak Wealth LLC raised its holdings in shares of VanEck Intermediate Muni ETF by 17.9% in the 1st quarter. SteelPeak Wealth LLC now owns 58,388 shares of the company’s stock valued at $2,657,000 after acquiring an additional 8,883 shares in the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of VanEck Intermediate Muni ETF by 21.6% in the 1st quarter. Atria Wealth Solutions Inc. now owns 5,550 shares of the company’s stock valued at $253,000 after acquiring an additional 987 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of VanEck Intermediate Muni ETF in the 2nd quarter valued at about $54,000.

VanEck Intermediate Muni ETF Stock Up 2.7%

BATS:ITM opened at $46.81 on Wednesday. The business’s 50-day moving average price is $46.14 and its two-hundred day moving average price is $45.51. VanEck Intermediate Muni ETF has a twelve month low of $43.42 and a twelve month high of $47.01.

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.