Texas Capital Bank Wealth Management Services Inc Has $46.67 Million Position in Vanguard Tax-Exempt Bond ETF $VTEB

Texas Capital Bank Wealth Management Services Inc increased its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 279.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 928,015 shares of the company’s stock after buying an additional 683,125 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises 2.7% of Texas Capital Bank Wealth Management Services Inc’s portfolio, making the stock its 5th largest holding. Texas Capital Bank Wealth Management Services Inc owned about 0.11% of Vanguard Tax-Exempt Bond ETF worth $46,670,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VTEB. JPL Wealth Management LLC bought a new position in Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth approximately $25,000. United Financial Planning Group LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF in the third quarter worth approximately $29,000. Measured Wealth Private Client Group LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF in the third quarter worth approximately $37,000. Ransom Advisory Ltd acquired a new stake in Vanguard Tax-Exempt Bond ETF in the fourth quarter worth approximately $50,000. Finally, Rossmore Private Capital acquired a new stake in Vanguard Tax-Exempt Bond ETF in the fourth quarter worth approximately $50,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB opened at $50.21 on Thursday. Vanguard Tax-Exempt Bond ETF has a 1-year low of $48.46 and a 1-year high of $51.18. The business has a 50 day moving average price of $50.10 and a two-hundred day moving average price of $50.35.

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.