HBK Sorce Advisory LLC Purchases New Shares in Vanguard Intermediate-Term Tax-Exempt Bond ETF $VTEI

HBK Sorce Advisory LLC acquired a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 8,294 shares of the company’s stock, valued at approximately $835,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of VTEI. Cetera Investment Advisers raised its holdings in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 123.0% in the second quarter. Cetera Investment Advisers now owns 168,957 shares of the company’s stock valued at $16,652,000 after buying an additional 93,194 shares during the last quarter. Truist Financial Corp increased its position in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 180.8% in the 2nd quarter. Truist Financial Corp now owns 14,489 shares of the company’s stock valued at $1,428,000 after acquiring an additional 9,329 shares in the last quarter. A. D. Beadell Investment Counsel Inc. bought a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the third quarter worth about $1,351,000. Seed Wealth Management Inc. bought a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the second quarter worth about $4,656,000. Finally, Signal Tree Financial Partners LLC acquired a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the second quarter worth approximately $814,000.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Price Performance

VTEI opened at $100.70 on Wednesday. The company’s 50 day simple moving average is $100.78 and its 200-day simple moving average is $99.70. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a one year low of $95.00 and a one year high of $101.14.

Vanguard Intermediate-Term Tax-Exempt Bond ETF 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.