Ferguson Wellman Capital Management Inc. Invests $57.97 Million in Vanguard Intermediate-Term Tax-Exempt Bond ETF $VTEI

Ferguson Wellman Capital Management Inc. acquired a new position in Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) during the first quarter, HoldingsChannel reports. The institutional investor acquired 580,080 shares of the company’s stock, valued at approximately $57,973,000. Ferguson Wellman Capital Management Inc. owned about 0.10% of Vanguard Intermediate-Term Tax-Exempt Bond ETF as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of VTEI. Northwestern Mutual Wealth Management Co. bought a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 2nd quarter valued at about $86,000. Peapack Gladstone Financial Corp raised its stake 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 valued at $759,000 after acquiring an additional 2,925 shares during the period. Raymond James Financial Inc. purchased a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 2nd quarter worth about $288,000. Jane Street Group LLC grew its stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 617.9% during the second quarter. Jane Street Group LLC now owns 68,040 shares of the company’s stock valued at $6,706,000 after buying an additional 58,563 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 87.8% during the 2nd quarter. Bank of America Corp DE now owns 69,872 shares of the company’s stock valued at $6,887,000 after acquiring an additional 32,668 shares during the period.

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

VTEI stock traded up $0.03 during trading on Friday, hitting $100.52. The company had a trading volume of 52,574 shares, compared to its average volume of 96,038. The company has a 50 day simple moving average of $100.56 and a 200-day simple moving average of $100.94. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 52-week low of $97.87 and a 52-week high of $102.66.

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.