Summit Wealth Group LLC Co. Decreases Stake in Vanguard Tax-Exempt Bond ETF $VTEB

Summit Wealth Group LLC Co. reduced its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 81.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,499 shares of the company’s stock after selling 24,388 shares during the period. Summit Wealth Group LLC Co.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $277,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PFG Investments LLC boosted its position in Vanguard Tax-Exempt Bond ETF by 1.3% in the 4th quarter. PFG Investments LLC now owns 15,902 shares of the company’s stock valued at $800,000 after buying an additional 198 shares during the last quarter. Quantum Financial Planning Services Inc. boosted its position in Vanguard Tax-Exempt Bond ETF by 2.1% in the 4th quarter. Quantum Financial Planning Services Inc. now owns 9,559 shares of the company’s stock valued at $481,000 after buying an additional 199 shares during the last quarter. James Investment Research Inc. boosted its position in Vanguard Tax-Exempt Bond ETF by 0.7% in the 3rd quarter. James Investment Research Inc. now owns 29,033 shares of the company’s stock valued at $1,454,000 after buying an additional 200 shares during the last quarter. Jordan Park Trust Co LLC boosted its position in Vanguard Tax-Exempt Bond ETF by 1.8% in the 4th quarter. Jordan Park Trust Co LLC now owns 11,604 shares of the company’s stock valued at $584,000 after buying an additional 200 shares during the last quarter. Finally, Moseley Investment Management Inc. boosted its position in Vanguard Tax-Exempt Bond ETF by 2.1% in the 3rd quarter. Moseley Investment Management Inc. now owns 10,077 shares of the company’s stock valued at $505,000 after buying an additional 206 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA:VTEB opened at $50.10 on Thursday. The firm has a 50-day moving average of $50.21 and a two-hundred day moving average of $50.39. Vanguard Tax-Exempt Bond ETF has a 1-year low of $48.46 and a 1-year 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.