Private Wealth Asset Management LLC Boosts Stake in Vanguard Tax-Exempt Bond ETF $VTEB

Private Wealth Asset Management LLC increased its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 59.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,141 shares of the company’s stock after buying an additional 6,000 shares during the period. Private Wealth Asset Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $791,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in VTEB. Facet Wealth Inc. lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 314.4% in the first quarter. Facet Wealth Inc. now owns 2,295,943 shares of the company’s stock worth $112,088,000 after buying an additional 1,741,949 shares in the last quarter. Garde Capital Inc. purchased a new stake in Vanguard Tax-Exempt Bond ETF during the first quarter valued at approximately $47,163,000. Raymond James Financial Inc. raised its position in Vanguard Tax-Exempt Bond ETF by 4.4% during the first quarter. Raymond James Financial Inc. now owns 21,689,998 shares of the company’s stock valued at $1,076,258,000 after purchasing an additional 912,969 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Vanguard Tax-Exempt Bond ETF by 2.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 34,497,385 shares of the company’s stock valued at $1,711,760,000 after purchasing an additional 857,098 shares during the period. Finally, Focus Partners Wealth raised its position in Vanguard Tax-Exempt Bond ETF by 293.6% during the first quarter. Focus Partners Wealth now owns 909,113 shares of the company’s stock valued at $45,110,000 after purchasing an additional 678,116 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB stock opened at $50.27 on Wednesday. Vanguard Tax-Exempt Bond ETF has a 1 year low of $47.02 and a 1 year high of $51.09. The stock’s 50 day simple moving average is $49.54 and its two-hundred day simple moving average is $49.07.

About Vanguard Tax-Exempt Bond ETF

The Vanguard Tax-Exempt Bond ETF (VTEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of investment-grade debt issued by state and local governments and agencies. Interest is exempt from US income tax and from AMT. VTEB was launched on Aug 21, 2015 and is managed by Vanguard.