Valmark Advisers Inc. Boosts Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Valmark Advisers Inc. lifted its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 6.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 152,672 shares of the company’s stock after buying an additional 9,605 shares during the quarter. Valmark Advisers Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $7,650,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Per Stirling Capital Management LLC. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 0.5% in the fourth quarter. Per Stirling Capital Management LLC. now owns 105,976 shares of the company’s stock valued at $5,410,000 after purchasing an additional 480 shares during the last quarter. Vise Technologies Inc. increased its position in Vanguard Tax-Exempt Bond ETF by 6.8% during the fourth quarter. Vise Technologies Inc. now owns 70,355 shares of the company’s stock worth $3,592,000 after buying an additional 4,458 shares in the last quarter. Vermillion & White Wealth Management Group LLC acquired a new position in Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at about $47,000. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 14.5% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 55,857 shares of the company’s stock valued at $2,851,000 after buying an additional 7,066 shares during the period. Finally, Cherry Tree Wealth Management LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 9.9% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 52,303 shares of the company’s stock worth $2,670,000 after purchasing an additional 4,718 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Down 0.1 %

VTEB traded down $0.06 during midday trading on Friday, hitting $50.66. The company’s stock had a trading volume of 2,601,600 shares, compared to its average volume of 4,019,859. Vanguard Tax-Exempt Bond ETF has a 52-week low of $47.14 and a 52-week high of $51.15. The firm has a 50-day moving average price of $50.50 and a two-hundred day moving average price of $50.34.

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.