Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI) by 437.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 258,270 shares of the company’s stock after buying an additional 210,184 shares during the period. Envestnet Asset Management Inc. owned approximately 5.83% of Vanguard Intermediate-Term Tax-Exempt Bond ETF worth $25,522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. increased its holdings in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 195.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 9,297 shares of the company’s stock valued at $919,000 after buying an additional 6,155 shares in the last quarter. Unison Advisors LLC purchased a new position in Vanguard Intermediate-Term Tax-Exempt Bond ETF in the fourth quarter valued at $55,820,000. Raymond James Financial Inc. purchased a new position in Vanguard Intermediate-Term Tax-Exempt Bond ETF in the fourth quarter valued at $727,000. LPL Financial LLC increased its holdings in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 783.4% in the fourth quarter. LPL Financial LLC now owns 24,276 shares of the company’s stock valued at $2,413,000 after buying an additional 21,528 shares in the last quarter. Finally, Comerica Bank acquired a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the fourth quarter valued at about $354,000.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Stock Performance

VTEI opened at $98.28 on Wednesday. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a twelve month low of $95.00 and a twelve month high of $101.80. The firm’s 50-day moving average price is $98.09 and its 200 day moving average price is $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.