Betterment LLC Boosts Stock Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Betterment LLC raised its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 73.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 69,080 shares of the company’s stock after buying an additional 29,366 shares during the quarter. Betterment LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,463,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in Vanguard Tax-Exempt Bond ETF by 5.4% in the fourth quarter. JPMorgan Chase & Co. now owns 78,695,639 shares of the company’s stock valued at $3,945,012,000 after purchasing an additional 4,022,038 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,676,296 shares of the company’s stock worth $1,638,063,000 after acquiring an additional 1,116,602 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter worth about $1,041,552,000. Brooklyn FI LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 6,485.4% during the fourth quarter. Brooklyn FI LLC now owns 16,565,228 shares of the company’s stock worth $837,418,000 after acquiring an additional 16,313,682 shares during the last quarter. Finally, TIAA Trust National Association grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 17.5% during the fourth quarter. TIAA Trust National Association now owns 15,533,140 shares of the company’s stock worth $778,677,000 after acquiring an additional 2,308,219 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB stock opened at $48.85 on Monday. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $47.02 and a fifty-two week high of $51.17. The stock’s 50-day simple moving average is $49.48 and its 200-day simple moving average is $50.04.

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.