C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes $415,000 Position in Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 4,176 shares of the company’s stock, valued at approximately $415,000.

Other hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 93.9% in the third quarter. Jane Street Group LLC now owns 28,510 shares of the company’s stock worth $2,885,000 after purchasing an additional 13,810 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 3rd quarter worth approximately $945,000. Financial Management Network Inc. bought a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 3rd quarter worth approximately $354,000. Hemenway Trust Co LLC purchased a new position in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 3rd quarter valued at $251,000. Finally, Elser Financial Planning Inc grew its position in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 177.7% in the 4th quarter. Elser Financial Planning Inc now owns 9,810 shares of the company’s stock valued at $975,000 after acquiring an additional 6,278 shares during the last quarter.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Trading Up 0.2 %

NYSEARCA:VTEI opened at $99.73 on Thursday. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a twelve month low of $98.32 and a twelve month high of $101.80. The stock has a fifty day simple moving average of $99.48 and a 200-day simple moving average of $100.08.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were issued a dividend of $0.2388 per share. The ex-dividend date of this dividend was Monday, February 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.