48,213 Shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF $VTEI Purchased by Verus Financial Partners Inc.

Verus Financial Partners Inc. bought a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) during the third quarter, Holdings Channel.com reports. The fund bought 48,213 shares of the company’s stock, valued at approximately $4,597,000. Vanguard Intermediate-Term Tax-Exempt Bond ETF accounts for approximately 0.4% of Verus Financial Partners Inc.’s portfolio, making the stock its 25th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 53.8% in the 1st quarter. Bank of America Corp DE now owns 205,701 shares of the company’s stock valued at $20,558,000 after purchasing an additional 71,932 shares during the period. Paragon Capital Management Ltd grew its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 274.9% during the 3rd quarter. Paragon Capital Management Ltd now owns 61,371 shares of the company’s stock worth $5,851,000 after buying an additional 45,000 shares during the last quarter. Flagship Harbor Advisors LLC grew its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 138.7% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 26,245 shares of the company’s stock worth $2,502,000 after buying an additional 15,250 shares during the last quarter. Hassell Wealth Management LLC acquired a new position in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the first quarter worth approximately $1,399,000. Finally, Avantax Planning Partners Inc. increased its position in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 19.0% during the first quarter. Avantax Planning Partners Inc. now owns 190,307 shares of the company’s stock worth $19,019,000 after buying an additional 30,334 shares during the period.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Trading Up 0.3%

Shares of BATS VTEI opened at $98.44 on Friday. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a twelve month low of $94.39 and a twelve month high of $102.66. The stock has a 50 day moving average of $97.03 and a two-hundred day moving average of $99.77.

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.