SVRN Asset Management LLC Invests $993,000 in Vanguard Tax-Exempt Bond ETF $VTEB

SVRN Asset Management LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 19,754 shares of the company’s stock, valued at approximately $993,000. Vanguard Tax-Exempt Bond ETF makes up approximately 0.8% of SVRN Asset Management LLC’s portfolio, making the stock its 21st largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Chesley Taft & Associates LLC increased its position in Vanguard Tax-Exempt Bond ETF by 18.4% during the fourth quarter. Chesley Taft & Associates LLC now owns 150,812 shares of the company’s stock worth $7,584,000 after buying an additional 23,425 shares during the period. Compound Planning Inc. increased its position in Vanguard Tax-Exempt Bond ETF by 16.2% during the third quarter. Compound Planning Inc. now owns 333,192 shares of the company’s stock worth $16,683,000 after buying an additional 46,505 shares during the period. Bear Mountain Capital Inc. increased its position in Vanguard Tax-Exempt Bond ETF by 418.3% during the fourth quarter. Bear Mountain Capital Inc. now owns 102,548 shares of the company’s stock worth $5,190,000 after buying an additional 82,764 shares during the period. Betterment LLC increased its position in Vanguard Tax-Exempt Bond ETF by 1,261.4% during the third 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 period. Finally, Bedel Financial Consulting Inc. increased its position in Vanguard Tax-Exempt Bond ETF by 2.3% during the third quarter. Bedel Financial Consulting Inc. now owns 661,268 shares of the company’s stock worth $33,110,000 after buying an additional 15,042 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Down 0.1%

VTEB opened at $50.30 on Friday. Vanguard Tax-Exempt Bond ETF has a 52 week low of $48.46 and a 52 week high of $51.18. The business’s 50 day moving average is $50.20 and its two-hundred day moving average is $50.35.

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.