Financial Management Network Inc. Acquires New Position in Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI)

Financial Management Network Inc. purchased a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI) during the third quarter, Holdings Channel.com reports. The firm purchased 3,514 shares of the company’s stock, valued at approximately $354,000.

Other large investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC bought a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 2nd quarter valued at $8,136,000. Heartwood Wealth Advisors LLC purchased a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the third quarter worth about $8,096,000. Sage Mountain Advisors LLC bought a new position in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 2nd quarter worth approximately $498,000. Paragon Capital Management Ltd increased its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 25.8% in the 3rd quarter. Paragon Capital Management Ltd now owns 14,310 shares of the company’s stock worth $1,448,000 after purchasing an additional 2,934 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. bought a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF in the second quarter valued at approximately $243,000.

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

Shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF stock traded up $0.21 on Friday, hitting $99.85. The stock had a trading volume of 3,659 shares, compared to its average volume of 22,307. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a one year low of $98.32 and a one year high of $101.80. The stock’s 50-day simple moving average is $100.65 and its two-hundred day simple moving average is $99.88.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Cuts Dividend

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

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.