Independent Financial Group LLC Takes $727,000 Position in Vanguard Tax-Exempt Bond ETF $VTEB

Independent Financial Group LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,576 shares of the company’s stock, valued at approximately $727,000.

Several other institutional investors have also made changes to their positions in VTEB. PFG Investments LLC raised its position in Vanguard Tax-Exempt Bond ETF by 1.3% in the fourth quarter. PFG Investments LLC now owns 15,902 shares of the company’s stock worth $800,000 after purchasing an additional 198 shares in the last quarter. Quantum Financial Planning Services Inc. boosted its holdings in Vanguard Tax-Exempt Bond ETF by 2.1% during the fourth quarter. Quantum Financial Planning Services Inc. now owns 9,559 shares of the company’s stock valued at $481,000 after purchasing an additional 199 shares in the last quarter. Jordan Park Trust Co LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 1.8% in the 4th quarter. Jordan Park Trust Co LLC now owns 11,604 shares of the company’s stock valued at $584,000 after purchasing an additional 200 shares during the period. Bridgewealth Advisory Group LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 4.1% in the 4th quarter. Bridgewealth Advisory Group LLC now owns 5,114 shares of the company’s stock valued at $257,000 after purchasing an additional 200 shares during the period. Finally, Intrua Financial LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 3.8% in the 1st quarter. Intrua Financial LLC now owns 5,460 shares of the company’s stock valued at $272,000 after purchasing an additional 200 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of VTEB opened at $49.95 on Wednesday. Vanguard Tax-Exempt Bond ETF has a 1 year low of $48.46 and a 1 year high of $51.18. The stock has a 50 day simple moving average of $50.26 and a 200-day simple moving average of $50.36.

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.