Vanguard Intermediate-Term Tax-Exempt Bond ETF $VTEI Stock: Kestra Private Wealth Services LLC Cuts Position

Kestra Private Wealth Services LLC cut its holdings in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) by 96.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,726 shares of the company’s stock after selling 262,350 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Vanguard Intermediate-Term Tax-Exempt Bond ETF were worth $1,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Gordian Advisors LLC raised its holdings in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 22.6% during the third quarter. Gordian Advisors LLC now owns 5,288 shares of the company’s stock valued at $504,000 after purchasing an additional 975 shares during the last quarter. Provenance Wealth Advisors LLC raised its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 1,442.1% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 24,442 shares of the company’s stock valued at $2,330,000 after buying an additional 22,857 shares during the last quarter. Verus Financial Partners Inc. bought a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 3rd quarter valued at $4,597,000. Vise Technologies Inc. bought a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 3rd quarter valued at $877,000. Finally, Unison Advisors LLC boosted its stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 0.8% in the 3rd quarter. Unison Advisors LLC now owns 2,404,971 shares of the company’s stock worth $229,302,000 after buying an additional 18,847 shares during the last quarter.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Stock Performance

Shares of VTEI traded up $0.25 during trading hours on Friday, hitting $99.10. The stock had a trading volume of 314,432 shares, compared to its average volume of 185,572. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 12 month low of $94.39 and a 12 month high of $102.66. The stock has a fifty day moving average price of $96.98 and a 200 day moving average price of $99.70.

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.