Global Wealth Strategies & Associates Makes New $601,000 Investment in Vanguard Tax-Exempt Bond ETF $VTEB

Global Wealth Strategies & Associates purchased a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 12,701 shares of the company’s stock, valued at approximately $601,000.

Several other institutional investors and hedge funds have also recently modified their holdings of VTEB. Envestnet Portfolio Solutions Inc. raised its stake in Vanguard Tax-Exempt Bond ETF by 103.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 69,537 shares of the company’s stock worth $3,517,000 after purchasing an additional 35,280 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 8.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,852,832 shares of the company’s stock valued at $296,036,000 after buying an additional 450,334 shares during the period. Cherry Tree Wealth Management LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 5.7% in the 2nd quarter. Cherry Tree Wealth Management LLC now owns 153,195 shares of the company’s stock valued at $7,749,000 after buying an additional 8,281 shares during the period. Bouchey Financial Group Ltd. grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 4.9% in the 2nd quarter. Bouchey Financial Group Ltd. now owns 24,709 shares of the company’s stock valued at $1,250,000 after buying an additional 1,157 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 12.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,073,127 shares of the company’s stock worth $104,859,000 after buying an additional 226,758 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Up 0.2%

VTEB stock opened at $47.47 on Friday. The firm’s 50 day moving average price is $48.98 and its 200-day moving average price is $49.77. Vanguard Tax-Exempt Bond ETF has a one year low of $46.89 and a one year high of $51.18.

About Vanguard Tax-Exempt Bond ETF

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.