Brown Advisory Inc. Takes $494,000 Position in Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI)

Brown Advisory Inc. purchased a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,000 shares of the company’s stock, valued at approximately $494,000. Brown Advisory Inc. owned 0.11% of Vanguard Intermediate-Term Tax-Exempt Bond ETF at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Timonier Family Office LTD. raised its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 8.3% during the first quarter. Timonier Family Office LTD. now owns 6,400 shares of the company’s stock worth $632,000 after acquiring an additional 493 shares during the period. JFS Wealth Advisors LLC increased its stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 31.3% in the first quarter. JFS Wealth Advisors LLC now owns 4,195 shares of the company’s stock valued at $415,000 after purchasing an additional 1,000 shares during the period. Joel Isaacson & Co. LLC increased its stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 4.0% in the first quarter. Joel Isaacson & Co. LLC now owns 27,904 shares of the company’s stock valued at $2,757,000 after purchasing an additional 1,062 shares during the period. Paragon Capital Management Ltd increased its stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 22.0% in the first quarter. Paragon Capital Management Ltd now owns 11,216 shares of the company’s stock valued at $1,108,000 after purchasing an additional 2,022 shares during the period. Finally, Westfuller Advisors LLC acquired a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the fourth quarter valued at approximately $215,000.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA:VTEI opened at $98.39 on Tuesday. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 1-year low of $95.00 and a 1-year high of $101.80. The company has a 50 day moving average price of $98.08 and a 200 day moving average price of $98.65.

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.