Steelhead Wealth Management LLC Acquires Shares of 51,540 Vanguard Tax-Exempt Bond ETF $VTEB

Steelhead Wealth Management LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 51,540 shares of the company’s stock, valued at approximately $2,571,000. Vanguard Tax-Exempt Bond ETF makes up approximately 1.3% of Steelhead Wealth Management LLC’s portfolio, making the stock its 18th biggest position.

A number of other institutional investors also recently modified their holdings of VTEB. JPMorgan Chase & Co. increased its stake in Vanguard Tax-Exempt Bond ETF by 5.5% during the 4th quarter. JPMorgan Chase & Co. now owns 104,551,572 shares of the company’s stock valued at $5,257,899,000 after purchasing an additional 5,461,346 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 2.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 36,651,506 shares of the company’s stock valued at $1,843,204,000 after buying an additional 903,850 shares in the last quarter. Morgan Stanley grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 9.4% during the fourth quarter. Morgan Stanley now owns 25,172,743 shares of the company’s stock valued at $1,265,937,000 after buying an additional 2,173,235 shares during the last quarter. Wealthfront Advisers LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 3.1% during the first quarter. Wealthfront Advisers LLC now owns 24,913,759 shares of the company’s stock worth $1,242,947,000 after acquiring an additional 760,249 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 10.8% in the 4th quarter. Raymond James Financial Inc. now owns 24,614,196 shares of the company’s stock worth $1,237,835,000 after acquiring an additional 2,396,916 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA VTEB opened at $49.60 on Monday. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $48.65 and a fifty-two week high of $51.18. The firm’s 50-day simple moving average is $50.23 and its 200 day simple moving average is $50.32.

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.