Steele Capital Management Inc. Makes New $986,000 Investment in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Steele Capital Management Inc. acquired a new stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 19,305 shares of the company’s stock, valued at approximately $986,000.

Other institutional investors also recently modified their holdings of the company. Eagle Ridge Investment Management raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 13.3% during the fourth quarter. Eagle Ridge Investment Management now owns 275,511 shares of the company’s stock valued at $14,065,000 after purchasing an additional 32,298 shares during the period. McAdam LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 13.2% during the 4th quarter. McAdam LLC now owns 128,745 shares of the company’s stock worth $6,572,000 after buying an additional 15,009 shares during the period. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in Vanguard Tax-Exempt Bond ETF by 41.8% in the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 35,873 shares of the company’s stock worth $1,831,000 after acquiring an additional 10,575 shares in the last quarter. Mather Group LLC. grew its stake in Vanguard Tax-Exempt Bond ETF by 68.2% in the fourth quarter. Mather Group LLC. now owns 850,003 shares of the company’s stock valued at $43,393,000 after acquiring an additional 344,724 shares during the period. Finally, Vantage Financial Partners LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter valued at approximately $411,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB stock traded up $0.10 during midday trading on Monday, reaching $49.89. 3,429,178 shares of the company’s stock traded hands, compared to its average volume of 4,141,921. Vanguard Tax-Exempt Bond ETF has a 52 week low of $47.14 and a 52 week high of $51.15. The firm’s fifty day moving average price is $50.39 and its 200-day moving average price is $50.02.

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.