Vanguard Tax-Exempt Bond ETF $VTEB is Wealthfront Advisers LLC’s 9th Largest Position

Wealthfront Advisers LLC lowered its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 8.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 20,916,716 shares of the company’s stock after selling 2,003,754 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up about 2.6% of Wealthfront Advisers LLC’s investment portfolio, making the stock its 9th largest holding. Wealthfront Advisers LLC owned approximately 2.72% of Vanguard Tax-Exempt Bond ETF worth $1,025,547,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of VTEB. Facet Wealth Inc. lifted its holdings in Vanguard Tax-Exempt Bond ETF by 314.4% in the 1st quarter. Facet Wealth Inc. now owns 2,295,943 shares of the company’s stock worth $112,088,000 after buying an additional 1,741,949 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 4.4% in the 1st quarter. Raymond James Financial Inc. now owns 21,689,998 shares of the company’s stock valued at $1,076,258,000 after purchasing an additional 912,969 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 2.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 34,497,385 shares of the company’s stock valued at $1,711,760,000 after purchasing an additional 857,098 shares during the period. Focus Partners Wealth lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 293.6% in the 1st quarter. Focus Partners Wealth now owns 909,113 shares of the company’s stock valued at $45,110,000 after purchasing an additional 678,116 shares during the period. Finally, Wealthspire Advisors LLC lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 94.1% in the 1st quarter. Wealthspire Advisors LLC now owns 1,368,394 shares of the company’s stock valued at $67,900,000 after purchasing an additional 663,517 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB opened at $50.57 on Friday. The business has a 50 day moving average of $49.80 and a 200-day moving average of $49.14. Vanguard Tax-Exempt Bond ETF has a 52 week low of $47.02 and a 52 week 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.