JNBA Financial Advisors Purchases New Position in Vanguard Intermediate-Term Tax-Exempt Bond ETF $VTEI

JNBA Financial Advisors acquired a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 92,273 shares of the company’s stock, valued at approximately $9,317,000. Vanguard Intermediate-Term Tax-Exempt Bond ETF comprises about 0.5% of JNBA Financial Advisors’ portfolio, making the stock its 24th biggest holding.

A number of other institutional investors have also recently bought and sold shares of VTEI. Northwestern Mutual Wealth Management Co. bought a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF in the second quarter valued at approximately $86,000. Peapack Gladstone Financial Corp raised its holdings in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 61.2% in the second quarter. Peapack Gladstone Financial Corp now owns 7,705 shares of the company’s stock worth $759,000 after purchasing an additional 2,925 shares during the period. Raymond James Financial Inc. bought a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the second quarter worth $288,000. Jane Street Group LLC boosted its position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 617.9% during the second quarter. Jane Street Group LLC now owns 68,040 shares of the company’s stock worth $6,706,000 after purchasing an additional 58,563 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 87.8% in the 2nd quarter. Bank of America Corp DE now owns 69,872 shares of the company’s stock valued at $6,887,000 after buying an additional 32,668 shares during the period.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Stock Performance

VTEI opened at $98.90 on Monday. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 12 month low of $98.38 and a 12 month high of $102.66. The company has a fifty day simple moving average of $99.87 and a 200 day simple moving average of $100.50.

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.