Truist Financial Corp Has $1.96 Million Position in Vanguard Intermediate-Term Tax-Exempt Bond ETF $VTEI

Truist Financial Corp grew its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI) by 34.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,490 shares of the company’s stock after acquiring an additional 5,001 shares during the quarter. Truist Financial Corp owned 0.21% of Vanguard Intermediate-Term Tax-Exempt Bond ETF worth $1,955,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Unison Advisors LLC acquired a new position in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the second quarter valued at approximately $58,591,000. Retirement Planning Group LLC acquired a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 2nd quarter valued at $369,000. Silver Oak Advisory Group Inc. increased its position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 492.2% in the 2nd quarter. Silver Oak Advisory Group Inc. now owns 38,914 shares of the company’s stock valued at $3,835,000 after buying an additional 32,343 shares in the last quarter. Moser Wealth Advisors LLC raised its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 21.1% during the 2nd quarter. Moser Wealth Advisors LLC now owns 1,150 shares of the company’s stock worth $113,000 after buying an additional 200 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 12.7% during the second quarter. Envestnet Asset Management Inc. now owns 291,122 shares of the company’s stock worth $28,693,000 after acquiring an additional 32,852 shares in the last quarter.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Price Performance

NYSEARCA:VTEI opened at $101.86 on Friday. The stock has a 50-day moving average price of $101.09 and a two-hundred day moving average price of $100.31. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 1 year low of $95.00 and a 1 year high of $101.93.

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.