Brown Financial Advisory Buys 25,100 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Brown Financial Advisory bought a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 25,100 shares of the company’s stock, valued at approximately $1,189,000. Vanguard Tax-Exempt Bond ETF comprises approximately 0.5% of Brown Financial Advisory’s investment portfolio, making the stock its 14th biggest holding.

A number of other large investors have also recently made changes to their positions in VTEB. Brooklyn FI LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 12.0% during the third quarter. Brooklyn FI LLC now owns 364,008 shares of the company’s stock valued at $17,822,000 after acquiring an additional 38,990 shares in the last quarter. Lido Advisors LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the third quarter valued at approximately $13,804,000. Keybank National Association OH boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 46.3% in the third quarter. Keybank National Association OH now owns 299,004 shares of the company’s stock valued at $14,161,000 after purchasing an additional 94,591 shares during the period. Csenge Advisory Group grew its stake in Vanguard Tax-Exempt Bond ETF by 27.1% in the third quarter. Csenge Advisory Group now owns 87,733 shares of the company’s stock worth $4,155,000 after purchasing an additional 18,698 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. grew its stake in Vanguard Tax-Exempt Bond ETF by 3.5% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 9,287 shares of the company’s stock worth $440,000 after purchasing an additional 310 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB opened at $49.19 on Thursday. The stock’s fifty day moving average is $48.20 and its two-hundred day moving average is $49.70. Vanguard Tax-Exempt Bond ETF has a 52 week low of $46.87 and a 52 week 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.