Life Planning Partners Inc Makes New Investment in Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI)

Life Planning Partners Inc purchased a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,549 shares of the company’s stock, valued at approximately $2,440,000. Life Planning Partners Inc owned 1.92% of Vanguard Intermediate-Term Tax-Exempt Bond ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VTEI. Luminvest Wealth Management LLC increased its holdings in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 5.4% in the fourth quarter. Luminvest Wealth Management LLC now owns 6,598 shares of the company’s stock valued at $656,000 after purchasing an additional 338 shares during the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 4th quarter worth about $42,000. Heartwood Wealth Advisors LLC increased its stake in shares of 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. Keystone Financial Group Inc. acquired a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 4th quarter valued at approximately $55,000. Finally, SJS Investment Consulting Inc. boosted its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 2,035.8% during the 4th quarter. SJS Investment Consulting Inc. now owns 1,132 shares of the company’s stock worth $113,000 after acquiring an additional 1,079 shares during the last quarter.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA VTEI opened at $99.58 on Friday. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 52-week low of $98.32 and a 52-week high of $101.80. The firm has a 50 day moving average price of $99.58 and a 200 day moving average price of $100.10.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Cuts Dividend

The company also recently declared 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 of this dividend was Monday, February 3rd.

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.