Vanguard Tax-Exempt Bond ETF $VTEB Stake Boosted by Valmark Advisers Inc.

Valmark Advisers Inc. boosted its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 8.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 186,683 shares of the company’s stock after purchasing an additional 13,803 shares during the quarter. Valmark Advisers Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $9,314,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of VTEB. Chesley Taft & Associates LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 18.4% during the 4th quarter. Chesley Taft & Associates LLC now owns 150,812 shares of the company’s stock valued at $7,584,000 after purchasing an additional 23,425 shares during the period. Bear Mountain Capital Inc. boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 418.3% in the fourth quarter. Bear Mountain Capital Inc. now owns 102,548 shares of the company’s stock worth $5,190,000 after buying an additional 82,764 shares during the period. Apella Capital LLC boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 11.5% in the fourth quarter. Apella Capital LLC now owns 434,264 shares of the company’s stock worth $21,839,000 after buying an additional 44,649 shares during the period. Cliftonlarsonallen Wealth Advisors LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 4.3% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 5,599,510 shares of the company’s stock valued at $281,599,000 after buying an additional 232,640 shares in the last quarter. Finally, Master S Wealth Management Inc. purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter valued at $4,104,000.

Vanguard Tax-Exempt Bond ETF Stock Up 0.1%

NYSEARCA:VTEB traded up $0.05 during trading hours on Friday, hitting $50.34. 4,921,566 shares of the company’s stock traded hands, compared to its average volume of 7,601,897. Vanguard Tax-Exempt Bond ETF has a twelve month low of $48.46 and a twelve month high of $51.18. The stock’s fifty day moving average price is $50.27 and its two-hundred day moving average price is $50.37.

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.