Northwestern Mutual Wealth Management Co. Sells 35,692,140 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Northwestern Mutual Wealth Management Co. trimmed its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 99.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 55,516 shares of the company’s stock after selling 35,692,140 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $2,792,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. New York Life Investment Management LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 15.1% in the 3rd quarter. New York Life Investment Management LLC now owns 856,096 shares of the company’s stock worth $42,865,000 after buying an additional 112,023 shares in the last quarter. Chesley Taft & Associates LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 18.4% in the 4th quarter. Chesley Taft & Associates LLC now owns 150,812 shares of the company’s stock worth $7,584,000 after buying an additional 23,425 shares in the last quarter. Compound Planning Inc. increased its holdings in Vanguard Tax-Exempt Bond ETF by 16.2% in the 3rd quarter. Compound Planning Inc. now owns 333,192 shares of the company’s stock worth $16,683,000 after buying an additional 46,505 shares in 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 worth $5,190,000 after buying an additional 82,764 shares in the last quarter. Finally, Betterment LLC increased its holdings 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 buying an additional 6,090,513 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA VTEB opened at $49.88 on Tuesday. Vanguard Tax-Exempt Bond ETF has a one year low of $48.46 and a one year high of $51.18. The stock has a 50-day moving average of $50.11 and a 200 day moving average of $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.