Commonwealth Equity Services LLC Buys 15,425 Shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI)

Commonwealth Equity Services LLC grew its stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 148,578 shares of the company’s stock after buying an additional 15,425 shares during the period. Commonwealth Equity Services LLC owned approximately 11.61% of Vanguard Intermediate-Term Tax-Exempt Bond ETF worth $14,767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Life Planning Partners Inc acquired a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 4th quarter valued at approximately $2,440,000. Jane Street Group LLC increased its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 93.9% in the third quarter. Jane Street Group LLC now owns 28,510 shares of the company’s stock valued at $2,885,000 after purchasing an additional 13,810 shares in the last quarter. Atria Investments Inc raised its holdings in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 150.3% in the fourth quarter. Atria Investments Inc now owns 21,633 shares of the company’s stock worth $2,150,000 after purchasing an additional 12,991 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the third quarter worth $945,000. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 4th quarter valued at $907,000.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Stock Performance

VTEI opened at $99.23 on Tuesday. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 12 month low of $98.32 and a 12 month high of $101.80. The company has a fifty day simple moving average of $99.62 and a 200 day simple moving average of $100.01.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were given a dividend of $0.2598 per share. The ex-dividend date was Monday, March 3rd. This is a positive change from Vanguard Intermediate-Term Tax-Exempt Bond ETF’s previous dividend of $0.24.

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.