Ferguson Wellman Capital Management Inc. Makes New $55.12 Million Investment in Vanguard Intermediate-Term Tax-Exempt Bond ETF $VTEI

Ferguson Wellman Capital Management Inc. acquired a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 578,161 shares of the company’s stock, valued at approximately $55,125,000. Ferguson Wellman Capital Management Inc. owned approximately 0.10% of Vanguard Intermediate-Term Tax-Exempt Bond ETF at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC increased its position in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 6.7% during the 1st quarter. Sanctuary Advisors LLC now owns 2,754 shares of the company’s stock valued at $275,000 after purchasing an additional 174 shares during the period. Bryn Mawr Trust Advisors LLC boosted its stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 1.8% during the first quarter. Bryn Mawr Trust Advisors LLC now owns 10,872 shares of the company’s stock valued at $1,087,000 after purchasing an additional 195 shares in the last quarter. Corient Private Wealth LP increased its holdings in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 4.8% during the second quarter. Corient Private Wealth LP now owns 4,593 shares of the company’s stock valued at $464,000 after buying an additional 211 shares during the period. North Star Investment Management Corp. raised its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 41.0% in the first quarter. North Star Investment Management Corp. now owns 819 shares of the company’s stock worth $82,000 after buying an additional 238 shares in the last quarter. Finally, AdvisorNet Financial Inc purchased a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the first quarter worth $29,000.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Stock Down 0.2%

BATS VTEI traded down $0.17 during midday trading on Monday, hitting $95.28. 327,043 shares of the company traded hands, compared to its average volume of 130,014. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 52 week low of $94.39 and a 52 week high of $102.66. The company’s 50-day simple moving average is $98.05 and its 200-day simple moving average is $99.60.

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.