Glassman Wealth Services Raises Stock Position in Vanguard Tax-Exempt Bond ETF $VTEB

Glassman Wealth Services increased its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 55.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 145,313 shares of the company’s stock after acquiring an additional 51,579 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up about 1.0% of Glassman Wealth Services’ portfolio, making the stock its 11th biggest holding. Glassman Wealth Services’ holdings in Vanguard Tax-Exempt Bond ETF were worth $7,308,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in Vanguard Tax-Exempt Bond ETF by 1.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 35,747,656 shares of the company’s stock worth $1,789,885,000 after acquiring an additional 580,997 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 6.4% in the 3rd quarter. Wealthfront Advisers LLC now owns 22,264,110 shares of the company’s stock worth $1,114,764,000 after acquiring an additional 1,347,394 shares in the last quarter. Raymond James Financial Inc. increased its holdings in Vanguard Tax-Exempt Bond ETF by 1.8% in the 3rd quarter. Raymond James Financial Inc. now owns 22,217,280 shares of the company’s stock worth $1,112,419,000 after acquiring an additional 386,204 shares in the last quarter. TIAA Trust National Association increased its holdings in Vanguard Tax-Exempt Bond ETF by 14.4% in the 3rd quarter. TIAA Trust National Association now owns 14,255,500 shares of the company’s stock worth $713,772,000 after acquiring an additional 1,799,750 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Vanguard Tax-Exempt Bond ETF by 5.0% in the 3rd quarter. Sei Investments Co. now owns 13,859,052 shares of the company’s stock worth $693,922,000 after acquiring an additional 654,293 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Up 0.0%

Shares of VTEB opened at $50.45 on Friday. Vanguard Tax-Exempt Bond ETF has a 52-week low of $48.46 and a 52-week high of $51.18. The firm’s fifty day moving average is $50.37 and its two-hundred day moving average is $50.40.

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.