Kastel Capital Advisors LLC Makes New $953,000 Investment in Vanguard Tax-Exempt Bond ETF $VTEB

Kastel Capital Advisors LLC acquired a new position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the second quarter, HoldingsChannel reports. The institutional investor acquired 19,097 shares of the company’s stock, valued at approximately $953,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings 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 worth $5,257,899,000 after buying an additional 5,461,346 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Vanguard Tax-Exempt Bond ETF by 2.5% in 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 raised its holdings in Vanguard Tax-Exempt Bond ETF by 9.4% during the fourth quarter. Morgan Stanley now owns 25,172,743 shares of the company’s stock valued at $1,265,937,000 after acquiring an additional 2,173,235 shares during the period. Wealthfront Advisers LLC raised its holdings in Vanguard Tax-Exempt Bond ETF by 3.1% during 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 during the period. Finally, Raymond James Financial Inc. lifted its position 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 Performance

Shares of Vanguard Tax-Exempt Bond ETF stock opened at $49.81 on Monday. The stock’s 50-day simple moving average is $50.18 and its 200-day simple moving average is $50.29. Vanguard Tax-Exempt Bond ETF has a 52 week low of $48.76 and a 52 week 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.