Vanguard Tax-Exempt Bond ETF $VTEB Stake Raised by Brown Wealth Management LLC

Brown Wealth Management LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 80.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 124,287 shares of the company’s stock after acquiring an additional 55,493 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for about 1.9% of Brown Wealth Management LLC’s investment portfolio, making the stock its 15th largest holding. Brown Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $6,094,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of VTEB. Wealthspire Advisors LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 23.0% in the second quarter. Wealthspire Advisors LLC now owns 1,683,670 shares of the company’s stock worth $82,550,000 after purchasing an additional 315,276 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in Vanguard Tax-Exempt Bond ETF in the 2nd quarter worth approximately $55,000. Diversified Portfolios Inc. purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the 2nd quarter valued at $4,343,000. United Advisor Group LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 106.1% during the 2nd quarter. United Advisor Group LLC now owns 38,860 shares of the company’s stock valued at $1,905,000 after acquiring an additional 20,001 shares in the last quarter. Finally, Culbertson A N & Co. Inc. increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 11.6% in the second quarter. Culbertson A N & Co. Inc. now owns 36,500 shares of the company’s stock worth $1,790,000 after acquiring an additional 3,800 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Up 0.1%

Shares of NYSEARCA:VTEB opened at $50.39 on Wednesday. Vanguard Tax-Exempt Bond ETF has a 1 year low of $47.02 and a 1 year high of $51.09. The business has a fifty day simple moving average of $50.27 and a 200 day simple moving average of $49.36.

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.