AXXCESS Wealth Management Sells Entire $60 Million Stake in VTC ETF
AXXCESS Wealth Management has fully exited its position in the Vanguard Total Corporate Bond ETF (VTC), selling all 772,526 shares for an estimated $60 million. This move represents a portfolio consolidation decision rather than a retreat from fixed income investments. The sale occurred amid a 5% annual increase in VTC's share price, though it underperformed the S&P 500 by 23 percentage points over the same period.
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Topics: AXXCESS Wealth Management ETF portfolio management SEC filing VTC