Peak Wealth Management LLC Takes $557,000 Position in Vanguard Tax-Exempt Bond ETF $VTEB

Peak Wealth Management LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the fourth quarter, Holdings Channel reports. The firm purchased 11,077 shares of the company’s stock, valued at approximately $557,000.

A number of other institutional investors have also recently added to or reduced their stakes in VTEB. Wellington Management Group LLP bought a new position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth $347,641,000. Betterment LLC grew its stake in Vanguard Tax-Exempt Bond ETF by 1,261.4% during the 3rd quarter. Betterment LLC now owns 6,573,354 shares of the company’s stock worth $329,128,000 after buying an additional 6,090,513 shares during the last quarter. Corient Private Wealth LLC grew its stake in Vanguard Tax-Exempt Bond ETF by 87.6% during the 2nd quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock worth $363,056,000 after buying an additional 3,458,654 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Vanguard Tax-Exempt Bond ETF by 49.8% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 9,591,400 shares of the company’s stock worth $480,241,000 after buying an additional 3,187,040 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its stake in Vanguard Tax-Exempt Bond ETF by 8.5% during the 4th quarter. Wealthfront Advisers LLC now owns 24,153,510 shares of the company’s stock worth $1,214,680,000 after buying an additional 1,889,400 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB opened at $50.25 on Monday. The stock has a fifty day moving average price of $50.28 and a 200 day moving average price of $50.40. Vanguard Tax-Exempt Bond ETF has a 12 month low of $48.46 and a 12 month 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.