Allen Investment Management LLC Buys 50,416 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Allen Investment Management LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 8.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 673,326 shares of the company’s stock after acquiring an additional 50,416 shares during the quarter. Allen Investment Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $33,862,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC increased its stake in Vanguard Tax-Exempt Bond ETF by 653.8% during the fourth quarter. Rothschild Investment LLC now owns 490 shares of the company’s stock worth $25,000 after acquiring an additional 425 shares during the last quarter. JPL Wealth Management LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the third quarter valued at approximately $25,000. United Financial Planning Group LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the third quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the third quarter valued at approximately $37,000. Finally, Ransom Advisory Ltd purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter valued at approximately $50,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA:VTEB opened at $50.29 on Tuesday. Vanguard Tax-Exempt Bond ETF has a 1 year low of $48.46 and a 1 year high of $51.18. The business has a 50 day simple moving average of $50.10 and a two-hundred day simple moving average of $50.35.

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.