Paragon Capital Management Ltd Grows Position in Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI)

Paragon Capital Management Ltd increased its position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI) by 25.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,310 shares of the company’s stock after buying an additional 2,934 shares during the quarter. Paragon Capital Management Ltd’s holdings in Vanguard Intermediate-Term Tax-Exempt Bond ETF were worth $1,448,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC purchased a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 2nd quarter valued at approximately $8,136,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 3rd quarter valued at approximately $8,096,000. Joel Isaacson & Co. LLC acquired a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 1st quarter valued at approximately $854,000. Sage Mountain Advisors LLC acquired a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 2nd quarter valued at approximately $498,000. Finally, Mitchell Mcleod Pugh & Williams Inc. acquired a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 2nd quarter valued at approximately $243,000.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Price Performance

VTEI opened at $100.44 on Friday. The business has a 50 day simple moving average of $100.67 and a 200-day simple moving average of $99.85. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 12 month low of $98.32 and a 12 month high of $101.80.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Tuesday, October 1st were issued a $0.251 dividend. The ex-dividend date was Tuesday, October 1st.

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.