Comerica Bank Invests $354,000 in Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI)

Comerica Bank purchased a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,560 shares of the company’s stock, valued at approximately $354,000. Comerica Bank owned approximately 0.28% of Vanguard Intermediate-Term Tax-Exempt Bond ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Unison Advisors LLC purchased a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 4th quarter worth $55,820,000. Commonwealth Equity Services LLC lifted its stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 11.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 148,578 shares of the company’s stock worth $14,767,000 after purchasing an additional 15,425 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 4th quarter worth $4,779,000. Joel Isaacson & Co. LLC lifted its stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 17.3% during the 4th quarter. Joel Isaacson & Co. LLC now owns 26,842 shares of the company’s stock worth $2,668,000 after purchasing an additional 3,952 shares during the last quarter. Finally, Life Planning Partners Inc purchased a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 4th quarter worth $2,440,000.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA VTEI opened at $98.17 on Friday. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 1-year low of $95.00 and a 1-year high of $101.80. The business has a fifty day moving average price of $98.08 and a 200 day moving average price of $99.19.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were paid a dividend of $0.2598 per share. This is a boost from Vanguard Intermediate-Term Tax-Exempt Bond ETF’s previous dividend of $0.24. The ex-dividend date of this dividend was Monday, March 3rd.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Company 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.