Assetmark Inc. Boosts Stock Holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Assetmark Inc. boosted its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 435.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,443 shares of the company’s stock after purchasing an additional 4,427 shares during the quarter. Assetmark Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VTEB. Creative Planning grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 3.2% in the 2nd quarter. Creative Planning now owns 25,601,034 shares of the company’s stock worth $1,282,868,000 after buying an additional 796,659 shares in the last quarter. Raymond James & Associates grew its position in Vanguard Tax-Exempt Bond ETF by 0.4% in the third quarter. Raymond James & Associates now owns 17,969,381 shares of the company’s stock worth $918,595,000 after acquiring an additional 75,969 shares in the last quarter. TIAA Trust National Association increased its stake in Vanguard Tax-Exempt Bond ETF by 21.4% during the second quarter. TIAA Trust National Association now owns 13,830,411 shares of the company’s stock worth $693,044,000 after acquiring an additional 2,441,163 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Vanguard Tax-Exempt Bond ETF by 5.7% during the second quarter. Envestnet Asset Management Inc. now owns 9,372,788 shares of the company’s stock valued at $469,670,000 after purchasing an additional 502,858 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its position in Vanguard Tax-Exempt Bond ETF by 12.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,639,228 shares of the company’s stock valued at $281,488,000 after purchasing an additional 640,552 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA VTEB opened at $50.53 on Friday. The business’s 50 day moving average price is $50.69 and its 200-day moving average price is $50.45. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $49.00 and a fifty-two week high of $51.17.

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.