Parallel Advisors LLC Makes New $956,000 Investment in Vanguard Intermediate-Term Tax-Exempt Bond ETF $VTEI

Parallel Advisors LLC acquired a new position in Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,025 shares of the company’s stock, valued at approximately $956,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VTEI. Unison Advisors LLC grew its position in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 0.8% during the 3rd quarter. Unison Advisors LLC now owns 2,404,971 shares of the company’s stock worth $229,302,000 after purchasing an additional 18,847 shares during the last quarter. Ferguson Wellman Capital Management Inc. acquired a new position in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 3rd quarter valued at approximately $55,125,000. Envestnet Asset Management Inc. raised its holdings in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 10.7% in the second quarter. Envestnet Asset Management Inc. now owns 383,067 shares of the company’s stock worth $38,678,000 after buying an additional 37,076 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the third quarter worth $24,459,000. Finally, Bank of America Corp DE raised its holdings in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 53.8% in the first quarter. Bank of America Corp DE now owns 205,701 shares of the company’s stock worth $20,558,000 after buying an additional 71,932 shares during the last quarter.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Price Performance

Shares of VTEI opened at $98.95 on Wednesday. The company’s fifty day moving average price is $96.99 and its 200-day moving average price is $99.67. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 1-year low of $94.39 and a 1-year high of $102.66.

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.