Glassman Wealth Services Lowers Stock Position in Vanguard Tax-Exempt Bond ETF $VTEB

Glassman Wealth Services lessened its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 29.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 101,282 shares of the company’s stock after selling 42,418 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up 0.8% of Glassman Wealth Services’ holdings, making the stock its 13th biggest position. Glassman Wealth Services’ holdings in Vanguard Tax-Exempt Bond ETF were worth $4,966,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Facet Wealth Inc. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 314.4% during the 1st quarter. Facet Wealth Inc. now owns 2,295,943 shares of the company’s stock valued at $112,088,000 after acquiring an additional 1,741,949 shares during the period. Raymond James Financial Inc. raised its holdings in Vanguard Tax-Exempt Bond ETF by 4.4% in the 1st quarter. Raymond James Financial Inc. now owns 21,689,998 shares of the company’s stock worth $1,076,258,000 after purchasing an additional 912,969 shares during the period. Northwestern Mutual Wealth Management Co. boosted 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 worth $1,711,760,000 after purchasing an additional 857,098 shares in the last quarter. Focus Partners Wealth boosted 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 worth $45,110,000 after purchasing an additional 678,116 shares in the last quarter. Finally, Wealthspire Advisors LLC grew its holdings in Vanguard Tax-Exempt Bond ETF by 94.1% in the first quarter. Wealthspire Advisors LLC now owns 1,368,394 shares of the company’s stock valued at $67,900,000 after purchasing an additional 663,517 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Down 0.2%

Shares of VTEB stock opened at $50.37 on Friday. The stock has a 50 day simple moving average of $50.22 and a 200-day simple moving average of $49.32. Vanguard Tax-Exempt Bond ETF has a 1-year low of $47.02 and a 1-year high of $51.09.

Vanguard Tax-Exempt Bond ETF Profile

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.