Envestnet Portfolio Solutions Inc. Invests $312,000 in Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI)

Envestnet Portfolio Solutions Inc. acquired a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 3,142 shares of the company’s stock, valued at approximately $312,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Luminvest Wealth Management LLC grew its position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 5.4% in the 4th quarter. Luminvest Wealth Management LLC now owns 6,598 shares of the company’s stock worth $656,000 after acquiring an additional 338 shares in the last quarter. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 4th quarter valued at approximately $42,000. Heartwood Wealth Advisors LLC boosted its holdings in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 0.6% in the fourth quarter. Heartwood Wealth Advisors LLC now owns 80,455 shares of the company’s stock worth $7,996,000 after purchasing an additional 447 shares during the period. Keystone Financial Group Inc. bought a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the fourth quarter valued at $55,000. Finally, SJS Investment Consulting Inc. raised its holdings in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 2,035.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 1,132 shares of the company’s stock worth $113,000 after purchasing an additional 1,079 shares during the period.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Stock Performance

Vanguard Intermediate-Term Tax-Exempt Bond ETF stock opened at $98.40 on Friday. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 1 year low of $98.24 and a 1 year high of $101.80. The firm’s 50-day moving average is $99.60 and its 200-day moving average is $99.93.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were paid a $0.2598 dividend. This is an increase 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 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.