Oak Hill Wealth Advisors LLC Makes New $718,000 Investment in Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI)

Oak Hill Wealth Advisors LLC bought a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI) in the fourth quarter, HoldingsChannel reports. The firm bought 7,227 shares of the company’s stock, valued at approximately $718,000.

Other hedge funds also recently made changes to their positions in the company. Jane Street Group LLC grew its stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 93.9% in the 3rd quarter. Jane Street Group LLC now owns 28,510 shares of the company’s stock worth $2,885,000 after buying an additional 13,810 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the third quarter worth $945,000. Hemenway Trust Co LLC purchased a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the third quarter worth $251,000. Elser Financial Planning Inc increased its holdings in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 177.7% during 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. Finally, Magnolia Private Wealth LLC purchased a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 4th quarter worth about $502,000.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Stock Performance

NYSEARCA:VTEI opened at $99.74 on Friday. 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. The firm has a 50-day simple moving average of $99.61 and a two-hundred day simple moving average of $100.07.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were issued a $0.2598 dividend. This is a positive change from Vanguard Intermediate-Term Tax-Exempt Bond ETF’s previous dividend of $0.24. The ex-dividend date of this dividend was Monday, March 3rd.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Company 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.