Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) to Issue Monthly Dividend of $0.24 on November 4th

Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) declared a monthly dividend on Wednesday, January 28th. Investors of record on Monday, November 2nd will be paid a dividend of $0.2436 per share on Wednesday, November 4th. This represents a $2.92 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, November 2nd. This is a 6.5% decrease from Vanguard Intermediate-Term Tax-Exempt Bond ETF’s previous monthly dividend of $0.2604.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Trading Up 0.3%

Shares of BATS VTEI opened at $98.44 on Friday. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 52-week low of $94.39 and a 52-week high of $102.66. The firm’s 50 day moving average price is $97.03 and its 200-day moving average price is $99.77.

Hedge Funds Weigh In On Vanguard Intermediate-Term Tax-Exempt Bond ETF

Several large investors have recently modified their holdings of the stock. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 1st quarter valued at $57,973,000. Unison Advisors LLC grew its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 7.8% in the 1st quarter. Unison Advisors LLC now owns 2,367,952 shares of the company’s stock valued at $236,653,000 after acquiring an additional 172,174 shares during the period. Wedmont Private Capital acquired a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 3rd quarter worth about $9,737,000. BTG Pactual Asset Management US LLC purchased a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the second quarter worth $10,063,000. Finally, JNBA Financial Advisors purchased a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the second quarter valued at about $9,317,000.

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.