Hemenway Trust Co LLC Invests $251,000 in Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI)

Hemenway Trust Co LLC purchased a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF (NYSEARCA:VTEI) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,483 shares of the company’s stock, valued at approximately $251,000.

Several other institutional investors have also added to or reduced their stakes in VTEI. JFS Wealth Advisors LLC purchased a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 3rd quarter valued at about $126,000. Silver Oak Advisory Group Inc. purchased a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the second quarter valued at approximately $221,000. Lakewood Asset Management LLC bought a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 2nd quarter valued at approximately $241,000. Mitchell Mcleod Pugh & Williams Inc. purchased a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 2nd quarter worth approximately $243,000. Finally, Sigma Planning Corp bought a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 3rd quarter valued at approximately $250,000.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Stock Performance

NYSEARCA:VTEI traded down $0.01 during midday trading on Tuesday, hitting $99.82. 3,667 shares of the company traded hands, compared to its average volume of 22,799. The firm’s fifty day moving average is $100.43 and its 200-day moving average is $99.92. 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 company also recently announced a dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were issued a $0.2462 dividend. The ex-dividend date was Friday, November 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.