Kestra Private Wealth Services LLC lowered its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI – Free Report) by 96.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,726 shares of the company’s stock after selling 262,350 shares during the period. Kestra Private Wealth Services LLC owned 0.18% of Vanguard Intermediate-Term Tax-Exempt Bond ETF worth $1,023,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in VTEI. Ferguson Wellman Capital Management Inc. bought a new position in Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 1st quarter worth $57,973,000. Wedmont Private Capital purchased a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the third quarter valued at about $9,737,000. BTG Pactual Asset Management US LLC purchased a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the second quarter valued at about $10,063,000. JNBA Financial Advisors bought a new position in Vanguard Intermediate-Term Tax-Exempt Bond ETF in the second quarter worth about $9,317,000. Finally, Bank of America Corp DE lifted its holdings in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 53.8% in the first quarter. Bank of America Corp DE now owns 205,701 shares of the company’s stock worth $20,558,000 after buying an additional 71,932 shares during the period.
Vanguard Intermediate-Term Tax-Exempt Bond ETF Stock Performance
VTEI traded up $0.25 on Friday, hitting $99.10. The company had a trading volume of 314,432 shares, compared to its average volume of 185,572. The stock has a fifty day simple moving average of $96.98 and a 200-day simple moving average of $99.70. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 52-week low of $94.39 and a 52-week high of $102.66.
About Vanguard Intermediate-Term Tax-Exempt Bond ETF
The Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of tax-exempt investment grade debt issued by US state and local governments or agencies. The fund includes muni bonds with an effective maturity below 20 years. VTEI was launched on Jan 30, 2024 and is issued by Vanguard.
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