Penobscot Wealth Management Boosts Holdings in Vanguard Tax-Exempt Bond ETF $VTEB

Penobscot Wealth Management raised its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 20.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,719 shares of the company’s stock after acquiring an additional 959 shares during the quarter. Penobscot Wealth Management’s holdings in Vanguard Tax-Exempt Bond ETF were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in VTEB. Valley National Advisers Inc. purchased a new position in Vanguard Tax-Exempt Bond ETF during the 1st quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in Vanguard Tax-Exempt Bond ETF during the 1st quarter valued at about $27,000. Wolff Wiese Magana LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 56.8% during the 2nd quarter. Wolff Wiese Magana LLC now owns 596 shares of the company’s stock valued at $29,000 after acquiring an additional 216 shares in the last quarter. Rossby Financial LCC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the first quarter worth about $35,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the first quarter worth about $41,000.

Vanguard Tax-Exempt Bond ETF Trading Up 0.1%

Shares of NYSEARCA VTEB opened at $50.57 on Monday. Vanguard Tax-Exempt Bond ETF has a 12 month low of $47.02 and a 12 month high of $51.09. The company has a 50-day simple moving average of $49.80 and a 200-day simple moving average of $49.14.

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.