Gordian Advisors LLC Buys New Shares in Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI)

Gordian Advisors LLC purchased a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 4,313 shares of the company’s stock, valued at approximately $429,000. Vanguard Intermediate-Term Tax-Exempt Bond ETF accounts for about 0.3% of Gordian Advisors LLC’s portfolio, making the stock its 21st largest holding.

Several other hedge funds have also bought and sold shares of the stock. Heartwood Wealth Advisors LLC raised its holdings in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 0.6% in the 4th quarter. Heartwood Wealth Advisors LLC now owns 80,455 shares of the company’s stock valued at $7,996,000 after acquiring an additional 447 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 93.9% during the 3rd 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 period. Joel Isaacson & Co. LLC raised its position in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 17.3% in the fourth quarter. Joel Isaacson & Co. LLC now owns 26,842 shares of the company’s stock valued at $2,668,000 after purchasing an additional 3,952 shares during the period. Life Planning Partners Inc purchased a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the fourth quarter worth about $2,440,000. Finally, Elser Financial Planning Inc raised its holdings in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 177.7% in the fourth 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 in the last quarter.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA VTEI opened at $100.33 on Friday. The stock’s 50-day simple moving average is $99.52 and its 200-day simple moving average is $100.08. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a fifty-two week low of $98.32 and a fifty-two week high of $101.80.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Cuts Dividend

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

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.