Vanguard Intermediate-Term Tax-Exempt Bond ETF $VTEI Stock Position Increased by Hassell Wealth Management LLC

Hassell Wealth Management LLC raised its stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) by 58.1% in the 3rd quarter, Holdings Channel reports. The firm owned 83,679 shares of the company’s stock after acquiring an additional 30,757 shares during the period. Vanguard Intermediate-Term Tax-Exempt Bond ETF makes up 2.4% of Hassell Wealth Management LLC’s investment portfolio, making the stock its 11th largest holding. Hassell Wealth Management LLC’s holdings in Vanguard Intermediate-Term Tax-Exempt Bond ETF were worth $7,978,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in VTEI. Ferguson Wellman Capital Management Inc. purchased a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the first quarter valued at about $57,973,000. Unison Advisors LLC lifted its position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 7.8% in the first quarter. Unison Advisors LLC now owns 2,367,952 shares of the company’s stock worth $236,653,000 after buying an additional 172,174 shares in the last quarter. Wedmont Private Capital bought a new position in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the third quarter valued at approximately $9,737,000. BTG Pactual Asset Management US LLC bought a new position in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the second quarter valued at approximately $10,063,000. Finally, JNBA Financial Advisors bought a new position in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the second quarter valued at approximately $9,317,000.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Stock Performance

BATS VTEI traded down $0.14 during trading on Monday, hitting $96.63. 255,334 shares of the stock traded hands, compared to its average volume of 160,813. The firm has a 50-day simple moving average of $97.36 and a 200-day simple moving average of $99.30. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 12-month low of $94.39 and a 12-month high of $102.66.

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.