Fiduciary Wealth Partners LLC Purchases New Position in Vanguard Tax-Exempt Bond ETF $VTEB

Fiduciary Wealth Partners LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 58,300 shares of the company’s stock, valued at approximately $2,858,000. Vanguard Tax-Exempt Bond ETF comprises approximately 2.7% of Fiduciary Wealth Partners LLC’s holdings, making the stock its 8th largest position.

Several other institutional investors have also added to or reduced their stakes in the business. Valley National Advisers Inc. purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the first quarter worth $25,000. Fairway Wealth LLC bought a new stake in Vanguard Tax-Exempt Bond ETF in the 1st quarter worth about $27,000. Wolff Wiese Magana LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 56.8% in the 2nd quarter. Wolff Wiese Magana LLC now owns 596 shares of the company’s stock worth $29,000 after buying an additional 216 shares in the last quarter. Rossby Financial LCC purchased a new position in Vanguard Tax-Exempt Bond ETF in the 1st quarter worth about $35,000. Finally, Cloud Capital Management LLC bought a new position in Vanguard Tax-Exempt Bond ETF during the 1st quarter valued at about $41,000.

Vanguard Tax-Exempt Bond ETF Stock Up 0.1%

Shares of NYSEARCA VTEB opened at $50.57 on Friday. The firm’s 50-day moving average price is $49.80 and its 200-day moving average price is $49.14. Vanguard Tax-Exempt Bond ETF has a 52-week low of $47.02 and a 52-week high of $51.09.

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.