Sovereign Financial Group Inc. boosted its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB – Free Report) by 13.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,538 shares of the company’s stock after acquiring an additional 654 shares during the period. Sovereign Financial Group Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $272,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of VTEB. Valley National Advisers Inc. purchased a new position in Vanguard Tax-Exempt Bond ETF in the 1st quarter worth approximately $25,000. IMG Wealth Management Inc. purchased a new position in Vanguard Tax-Exempt Bond ETF in the 1st quarter worth approximately $27,000. Fairway Wealth LLC purchased a new position in Vanguard Tax-Exempt Bond ETF in the 1st quarter worth approximately $27,000. Wolff Wiese Magana LLC grew its stake in Vanguard Tax-Exempt Bond ETF by 56.8% in the 2nd quarter. Wolff Wiese Magana LLC now owns 596 shares of the company’s stock worth $29,000 after buying an additional 216 shares in the last quarter. Finally, Rossby Financial LCC purchased a new position in Vanguard Tax-Exempt Bond ETF in the 1st quarter worth approximately $35,000.
Vanguard Tax-Exempt Bond ETF Price Performance
VTEB stock opened at $50.22 on Monday. Vanguard Tax-Exempt Bond ETF has a one year low of $47.02 and a one year high of $51.09. The firm has a 50 day simple moving average of $49.48 and a two-hundred day simple moving average of $49.05.
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.
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