Magnolia Private Wealth LLC Takes Position in Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI)

Magnolia Private Wealth LLC bought a new position in Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,050 shares of the company’s stock, valued at approximately $502,000. Magnolia Private Wealth LLC owned about 0.39% of Vanguard Intermediate-Term Tax-Exempt Bond ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VTEI. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the fourth quarter worth about $42,000. Keystone Financial Group Inc. acquired a new position in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the fourth quarter valued at $55,000. SJS Investment Consulting Inc. boosted its holdings in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 2,035.8% in the fourth quarter. SJS Investment Consulting Inc. now owns 1,132 shares of the company’s stock valued at $113,000 after purchasing an additional 1,079 shares during the last quarter. JFS Wealth Advisors LLC purchased a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 3rd quarter valued at about $126,000. Finally, Crews Bank & Trust acquired a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 4th quarter valued at about $139,000.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Stock Up 0.5 %

Vanguard Intermediate-Term Tax-Exempt Bond ETF stock opened at $100.44 on Wednesday. The business’s 50-day moving average price is $99.48 and its 200 day moving average price is $100.07. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 52 week low of $98.32 and a 52 week high of $101.80.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were issued a $0.2388 dividend. The ex-dividend date was Monday, February 3rd.

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.