Wesbanco Bank Inc. Takes $645,000 Position in Vanguard Tax-Exempt Bond ETF $VTEB

Wesbanco Bank Inc. bought a new stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,925 shares of the company’s stock, valued at approximately $645,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP acquired a new position in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at $347,641,000. Betterment LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1,261.4% during the 3rd quarter. Betterment LLC now owns 6,573,354 shares of the company’s stock worth $329,128,000 after acquiring an additional 6,090,513 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 5.5% during the 4th quarter. JPMorgan Chase & Co. now owns 104,551,572 shares of the company’s stock valued at $5,257,899,000 after acquiring an additional 5,461,346 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 87.6% during the 2nd quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock valued at $363,056,000 after acquiring an additional 3,458,654 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 49.8% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 9,591,400 shares of the company’s stock valued at $480,241,000 after acquiring an additional 3,187,040 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA VTEB opened at $50.56 on Monday. Vanguard Tax-Exempt Bond ETF has a twelve month low of $48.46 and a twelve month high of $51.18. The company’s 50-day simple moving average is $50.26 and its 200 day simple 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.