Merit Financial Group LLC Acquires 140,109 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Merit Financial Group LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 65.4% during the second quarter, Holdings Channel reports. The firm owned 354,384 shares of the company’s stock after purchasing an additional 140,109 shares during the period. Merit Financial Group LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $17,375,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Global Strategic Investment Solutions LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 614.6% during the 2nd quarter. Global Strategic Investment Solutions LLC now owns 571,274 shares of the company’s stock valued at $28,010,000 after purchasing an additional 491,333 shares in the last quarter. Simplicity Wealth LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 146.6% during the 2nd quarter. Simplicity Wealth LLC now owns 126,205 shares of the company’s stock valued at $6,188,000 after purchasing an additional 75,018 shares in the last quarter. OLD National Bancorp IN raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 5.3% during the 2nd quarter. OLD National Bancorp IN now owns 327,350 shares of the company’s stock valued at $16,050,000 after purchasing an additional 16,426 shares in the last quarter. MGO Private Wealth LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 4.4% during the 2nd quarter. MGO Private Wealth LLC now owns 75,737 shares of the company’s stock valued at $3,713,000 after purchasing an additional 3,210 shares in the last quarter. Finally, BridgePort Financial Solutions LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the 2nd quarter valued at $679,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

Vanguard Tax-Exempt Bond ETF stock opened at $49.98 on Friday. Vanguard Tax-Exempt Bond ETF has a 1-year low of $47.02 and a 1-year high of $51.09. The firm’s fifty day simple moving average is $49.34 and its 200-day simple moving average is $49.04.

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.