Raymond James Financial Inc. Invests $727,000 in Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI)

Raymond James Financial Inc. purchased a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,311 shares of the company’s stock, valued at approximately $727,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VTEI. Luminvest Wealth Management LLC lifted its holdings in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 5.4% in the fourth quarter. Luminvest Wealth Management LLC now owns 6,598 shares of the company’s stock valued at $656,000 after acquiring an additional 338 shares during the period. DiNuzzo Private Wealth Inc. bought a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 4th quarter worth approximately $42,000. Heartwood Wealth Advisors LLC boosted its holdings in shares of 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 buying an additional 447 shares during the last quarter. Keystone Financial Group Inc. bought a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the fourth quarter valued at approximately $55,000. Finally, SJS Investment Consulting Inc. increased its holdings in 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 valued at $113,000 after buying an additional 1,079 shares during the last quarter.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Trading Up 0.4 %

VTEI opened at $99.69 on Friday. The firm’s 50 day simple moving average is $99.57 and its two-hundred day simple moving average is $99.84. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 1-year low of $98.24 and a 1-year high of $101.80.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were paid a $0.2492 dividend. The ex-dividend date was Tuesday, April 1st.

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.