Summit Wealth Group LLC Increases Position in Vanguard Tax-Exempt Bond ETF $VTEB

Summit Wealth Group LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 7.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 169,021 shares of the company’s stock after buying an additional 11,307 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for about 1.9% of Summit Wealth Group LLC’s investment portfolio, making the stock its 17th biggest position. Summit Wealth Group LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $8,432,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Wellington Management Group LLP bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth approximately $347,641,000. JPMorgan Chase & Co. grew its position in Vanguard Tax-Exempt Bond ETF by 5.5% in the 4th quarter. JPMorgan Chase & Co. now owns 104,551,572 shares of the company’s stock valued at $5,257,899,000 after acquiring an additional 5,461,346 shares during the last quarter. Corient Private Wealth LLC grew its position in Vanguard Tax-Exempt Bond ETF by 87.6% in the 2nd quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock valued at $363,056,000 after acquiring an additional 3,458,654 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Vanguard Tax-Exempt Bond ETF by 49.8% in the third quarter. Mercer Global Advisors Inc. ADV now owns 9,591,400 shares of the company’s stock worth $480,241,000 after purchasing an additional 3,187,040 shares during the period. Finally, Raymond James Financial Inc. increased its stake in Vanguard Tax-Exempt Bond ETF by 10.8% in the fourth quarter. Raymond James Financial Inc. now owns 24,614,196 shares of the company’s stock worth $1,237,835,000 after purchasing an additional 2,396,916 shares during the period.

Vanguard Tax-Exempt Bond ETF Trading Down 0.1%

NYSEARCA:VTEB opened at $50.27 on Tuesday. Vanguard Tax-Exempt Bond ETF has a twelve month low of $48.46 and a twelve month high of $51.18. The stock has a fifty day simple moving average of $50.27 and a 200-day simple moving average of $50.37.

Vanguard Tax-Exempt Bond ETF Company 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.