NewEdge Advisors LLC Purchases 20,909 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

NewEdge Advisors LLC increased its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 2.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 895,626 shares of the company’s stock after purchasing an additional 20,909 shares during the period. NewEdge Advisors LLC owned approximately 0.11% of Vanguard Tax-Exempt Bond ETF worth $44,683,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in shares of 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 worth $5,257,899,000 after acquiring an additional 5,461,346 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 2.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 36,651,506 shares of the company’s stock worth $1,843,204,000 after buying an additional 903,850 shares in the last quarter. Morgan Stanley boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 9.4% in the 4th quarter. Morgan Stanley now owns 25,172,743 shares of the company’s stock worth $1,265,937,000 after buying an additional 2,173,235 shares during the last quarter. Wealthfront Advisers LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 3.1% in the first quarter. Wealthfront Advisers LLC now owns 24,913,759 shares of the company’s stock valued at $1,242,947,000 after acquiring an additional 760,249 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of 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 valued at $1,237,835,000 after acquiring an additional 2,396,916 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Down 0.0%

Shares of VTEB opened at $49.67 on Friday. The stock has a 50 day moving average of $50.19 and a 200 day moving average of $50.29. Vanguard Tax-Exempt Bond ETF has a 12 month low of $48.76 and a 12 month high of $51.18.

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.