Valmark Advisers Inc. Buys 12,171 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Valmark Advisers Inc. boosted its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 8.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 154,270 shares of the company’s stock after purchasing an additional 12,171 shares during the quarter. Valmark Advisers Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $7,564,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in VTEB. Facet Wealth Inc. boosted its holdings in Vanguard Tax-Exempt Bond ETF by 314.4% in the first quarter. Facet Wealth Inc. now owns 2,295,943 shares of the company’s stock valued at $112,088,000 after acquiring an additional 1,741,949 shares in the last quarter. Garde Capital Inc. bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 1st quarter valued at $47,163,000. Raymond James Financial Inc. boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 4.4% during 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 buying an additional 912,969 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 2.5% during 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 buying an additional 857,098 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 20.7% during the 1st quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 4,630,555 shares of the company’s stock valued at $229,768,000 after buying an additional 792,628 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB stock opened at $50.07 on Wednesday. Vanguard Tax-Exempt Bond ETF has a 12 month low of $47.02 and a 12 month high of $51.09. The company’s fifty day moving average price is $49.40 and its 200-day moving average price is $49.04.

Vanguard Tax-Exempt Bond ETF Company 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.