Verus Financial Partners Inc. Buys Shares of 29,016 Vanguard Intermediate-Term Tax-Exempt Bond ETF $VTEI

Verus Financial Partners Inc. acquired a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,016 shares of the company’s stock, valued at approximately $2,920,000. Vanguard Intermediate-Term Tax-Exempt Bond ETF accounts for approximately 0.3% of Verus Financial Partners Inc.’s investment portfolio, making the stock its 28th largest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VTEI. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the second quarter valued at approximately $86,000. Peapack Gladstone Financial Corp boosted its holdings in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 61.2% in the second quarter. Peapack Gladstone Financial Corp now owns 7,705 shares of the company’s stock worth $759,000 after acquiring an additional 2,925 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the second quarter valued at $288,000. Jane Street Group LLC raised its stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 617.9% during the 2nd quarter. Jane Street Group LLC now owns 68,040 shares of the company’s stock valued at $6,706,000 after purchasing an additional 58,563 shares during the period. Finally, Bank of America Corp DE boosted its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 87.8% in the 2nd quarter. Bank of America Corp DE now owns 69,872 shares of the company’s stock worth $6,887,000 after purchasing an additional 32,668 shares during the period.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Trading Up 0.0%

Shares of VTEI opened at $100.94 on Friday. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a twelve month low of $97.87 and a twelve month high of $102.66. The business’s 50-day moving average price is $100.58 and its 200-day moving average price is $100.93.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Company Profile

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.