Cardinal Point Capital Management ULC Buys New Position in Vanguard Tax-Exempt Bond ETF $VTEB

Cardinal Point Capital Management ULC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the first quarter, HoldingsChannel reports. The institutional investor bought 220,196 shares of the company’s stock, valued at approximately $10,986,000.

Several other institutional investors have also added to or reduced their stakes in VTEB. Chesley Taft & Associates LLC boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 18.4% during the fourth quarter. Chesley Taft & Associates LLC now owns 150,812 shares of the company’s stock worth $7,584,000 after acquiring an additional 23,425 shares during the last quarter. Bear Mountain Capital Inc. increased its holdings in Vanguard Tax-Exempt Bond ETF by 418.3% in the 4th quarter. Bear Mountain Capital Inc. now owns 102,548 shares of the company’s stock valued at $5,190,000 after acquiring an additional 82,764 shares during the last quarter. Apella Capital LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 11.5% in the 4th quarter. Apella Capital LLC now owns 434,264 shares of the company’s stock valued at $21,839,000 after acquiring an additional 44,649 shares during the last quarter. Betterment LLC lifted its stake in Vanguard Tax-Exempt Bond ETF by 1,261.4% in the 3rd quarter. Betterment LLC now owns 6,573,354 shares of the company’s stock worth $329,128,000 after purchasing an additional 6,090,513 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC lifted its stake in Vanguard Tax-Exempt Bond ETF by 4.3% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 5,599,510 shares of the company’s stock worth $281,599,000 after purchasing an additional 232,640 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB opened at $50.49 on Thursday. The firm has a 50-day simple moving average of $50.25 and a two-hundred day simple moving average of $50.35. Vanguard Tax-Exempt Bond ETF has a 52 week low of $48.46 and a 52 week high of $51.18.

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.