Hobbs Group Advisors LLC Invests $517,000 in Vanguard Tax-Exempt Bond ETF $VTEB

Hobbs Group Advisors LLC acquired a new position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,554 shares of the company’s stock, valued at approximately $517,000.

Several other large investors also recently made changes to their positions in the business. Wolff Wiese Magana LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 56.8% in the second quarter. Wolff Wiese Magana LLC now owns 596 shares of the company’s stock worth $29,000 after acquiring an additional 216 shares in the last quarter. Physician Wealth Advisors Inc. grew its holdings in Vanguard Tax-Exempt Bond ETF by 3.0% during the 1st quarter. Physician Wealth Advisors Inc. now owns 7,701 shares of the company’s stock valued at $382,000 after purchasing an additional 225 shares in the last quarter. SlateStone Wealth LLC grew its holdings in Vanguard Tax-Exempt Bond ETF by 1.7% during the 1st quarter. SlateStone Wealth LLC now owns 13,214 shares of the company’s stock valued at $656,000 after purchasing an additional 225 shares in the last quarter. Valley Financial Group Inc. grew its holdings in Vanguard Tax-Exempt Bond ETF by 5.5% during the 1st quarter. Valley Financial Group Inc. now owns 4,449 shares of the company’s stock valued at $221,000 after purchasing an additional 233 shares in the last quarter. Finally, Naples Global Advisors LLC grew its holdings in Vanguard Tax-Exempt Bond ETF by 0.6% during the 2nd quarter. Naples Global Advisors LLC now owns 38,808 shares of the company’s stock valued at $1,903,000 after purchasing an additional 250 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Up 0.2%

VTEB opened at $50.22 on Friday. The company has a fifty day simple moving average of $49.48 and a 200 day simple moving average of $49.06. Vanguard Tax-Exempt Bond ETF has a twelve month low of $47.02 and a twelve month 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.