Truist Financial Corp Buys 14,205 Shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF $VTEI

Truist Financial Corp boosted its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) by 72.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,695 shares of the company’s stock after purchasing an additional 14,205 shares during the quarter. Truist Financial Corp owned about 0.30% of Vanguard Intermediate-Term Tax-Exempt Bond ETF worth $3,397,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA bought a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 4th quarter worth about $40,000. PNC Financial Services Group Inc. acquired a new position in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 3rd quarter worth approximately $41,000. American National Bank & Trust raised its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 115.6% during the 4th quarter. American National Bank & Trust now owns 662 shares of the company’s stock worth $67,000 after buying an additional 355 shares during the period. DiNuzzo Private Wealth Inc. boosted its holdings in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 13.6% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 828 shares of the company’s stock worth $84,000 after acquiring an additional 99 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF in the second quarter valued at approximately $86,000.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Stock Performance

BATS VTEI opened at $100.59 on Tuesday. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 52 week low of $97.52 and a 52 week high of $102.66. The business has a 50 day moving average price of $100.70 and a 200-day moving average price of $101.02.

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. VTEI was launched on Jan 30, 2024 and is issued by Vanguard.