Commonwealth Equity Services LLC Buys New Position in Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI)

Commonwealth Equity Services LLC bought a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 81,848 shares of the company’s stock, valued at approximately $8,136,000. Commonwealth Equity Services LLC owned 6.39% of Vanguard Intermediate-Term Tax-Exempt Bond ETF as of its most recent SEC filing.

Separately, Lakewood Asset Management LLC bought a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 2nd quarter valued at approximately $241,000.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA:VTEI opened at $100.63 on Friday. The business has a 50 day moving average price of $100.07 and a 200 day moving average price of $99.78. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a twelve month low of $98.32 and a twelve month high of $101.67.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were given a $0.2618 dividend. The ex-dividend date was Tuesday, September 3rd. This is an increase from Vanguard Intermediate-Term Tax-Exempt Bond ETF’s previous dividend of $0.26.

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.