Focus Partners Wealth Acquires 555,828 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Focus Partners Wealth boosted its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 103.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,093,931 shares of the company’s stock after purchasing an additional 555,828 shares during the period. Focus Partners Wealth owned approximately 0.13% of Vanguard Tax-Exempt Bond ETF worth $55,014,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in VTEB. Wellington Management Group LLP bought a new stake in Vanguard Tax-Exempt Bond ETF in the third quarter worth $347,641,000. Betterment LLC lifted its stake in Vanguard Tax-Exempt Bond ETF by 1,261.4% in the third 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 during the last quarter. JPMorgan Chase & Co. lifted its stake in Vanguard Tax-Exempt Bond ETF by 5.5% in the fourth quarter. JPMorgan Chase & Co. now owns 104,551,572 shares of the company’s stock worth $5,257,899,000 after purchasing an additional 5,461,346 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Vanguard Tax-Exempt Bond ETF by 87.6% in the second quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock worth $363,056,000 after purchasing an additional 3,458,654 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in Vanguard Tax-Exempt Bond ETF by 49.8% in the third quarter. Mercer Global Advisors Inc. ADV now owns 9,591,400 shares of the company’s stock worth $480,241,000 after purchasing an additional 3,187,040 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB stock opened at $50.35 on Tuesday. The firm’s 50-day moving average price is $50.21 and its two-hundred day moving average price is $50.35. Vanguard Tax-Exempt Bond ETF has a 12-month low of $48.46 and a 12-month high of $51.18.

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.