Northwestern Mutual Wealth Management Co. Purchases 903,850 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Northwestern Mutual Wealth Management Co. increased its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,651,506 shares of the company’s stock after purchasing an additional 903,850 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for approximately 1.2% of Northwestern Mutual Wealth Management Co.’s investment portfolio, making the stock its 16th largest position. Northwestern Mutual Wealth Management Co.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,843,204,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wealthfront Advisers LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 8.5% during the fourth quarter. Wealthfront Advisers LLC now owns 24,153,510 shares of the company’s stock worth $1,214,680,000 after purchasing an additional 1,889,400 shares during the period. Raymond James Financial Inc. lifted its stake in Vanguard Tax-Exempt Bond ETF by 1.8% during the third quarter. Raymond James Financial Inc. now owns 22,217,280 shares of the company’s stock worth $1,112,419,000 after purchasing an additional 386,204 shares during the last quarter. TIAA Trust National Association lifted its stake in Vanguard Tax-Exempt Bond ETF by 14.4% during the third quarter. TIAA Trust National Association now owns 14,255,500 shares of the company’s stock worth $713,772,000 after purchasing an additional 1,799,750 shares during the last quarter. Sei Investments Co. lifted its stake in Vanguard Tax-Exempt Bond ETF by 5.0% during the third quarter. Sei Investments Co. now owns 13,859,052 shares of the company’s stock worth $693,922,000 after purchasing an additional 654,293 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Vanguard Tax-Exempt Bond ETF by 10.4% during the third quarter. Bank of America Corp DE now owns 10,716,426 shares of the company’s stock worth $536,571,000 after purchasing an additional 1,005,910 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA VTEB opened at $50.28 on Friday. The business has a fifty day moving average price of $50.10 and a two-hundred day moving average price of $50.35. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $48.46 and a fifty-two week high of $51.18.

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.