Diversify Wealth Management LLC Grows Stake in Vanguard Tax-Exempt Bond ETF $VTEB

Diversify Wealth Management LLC lifted its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 1,099.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,318 shares of the company’s stock after buying an additional 61,707 shares during the period. Diversify Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of VTEB. Wellington Management Group LLP purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth $347,641,000. Betterment LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 1,261.4% in the 3rd quarter. Betterment LLC now owns 6,573,354 shares of the company’s stock worth $329,128,000 after buying an additional 6,090,513 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of 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 worth $363,056,000 after buying an additional 3,458,654 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 49.8% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 9,591,400 shares of the company’s stock worth $480,241,000 after buying an additional 3,187,040 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 8.5% in the 4th quarter. Wealthfront Advisers LLC now owns 24,153,510 shares of the company’s stock worth $1,214,680,000 after buying an additional 1,889,400 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB stock opened at $50.25 on Friday. Vanguard Tax-Exempt Bond ETF has a 1 year low of $48.46 and a 1 year high of $51.18. The stock’s fifty day moving average price is $50.28 and its 200-day moving average price is $50.40.

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.