MLG Wealth Management DBA Pine Grove Financial Group Has $8.68 Million Stake in Vanguard Tax-Exempt Bond ETF $VTEB

MLG Wealth Management DBA Pine Grove Financial Group boosted its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 12.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 171,573 shares of the company’s stock after buying an additional 18,429 shares during the quarter. MLG Wealth Management DBA Pine Grove Financial Group’s holdings in Vanguard Tax-Exempt Bond ETF were worth $8,678,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rothschild Investment LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 653.8% in the fourth quarter. Rothschild Investment LLC now owns 490 shares of the company’s stock valued at $25,000 after buying an additional 425 shares during the period. JPL Wealth Management LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF in the third quarter worth approximately $25,000. Nepc LLC bought a new stake in Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at approximately $34,000. Measured Wealth Private Client Group LLC bought a new stake in Vanguard Tax-Exempt Bond ETF in the third quarter valued at approximately $37,000. Finally, Arlington Trust Co LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF during the 2nd quarter valued at approximately $38,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

Vanguard Tax-Exempt Bond ETF stock opened at $48.88 on Tuesday. Vanguard Tax-Exempt Bond ETF has a 52-week low of $48.85 and a 52-week high of $51.18. The firm has a 50 day moving average price of $49.78 and a two-hundred day moving average price of $50.12.

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.