Asset Management Group Inc. Invests $677,000 in Vanguard Tax-Exempt Bond ETF $VTEB

Asset Management Group Inc. bought a new position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,468 shares of the company’s stock, valued at approximately $677,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Chesley Taft & Associates LLC lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 18.4% in 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 in the last quarter. Compound Planning Inc. lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 16.2% in the third quarter. Compound Planning Inc. now owns 333,192 shares of the company’s stock worth $16,683,000 after acquiring an additional 46,505 shares in the last quarter. Bear Mountain Capital Inc. lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 418.3% in the fourth quarter. Bear Mountain Capital Inc. now owns 102,548 shares of the company’s stock worth $5,190,000 after acquiring an additional 82,764 shares in the last quarter. Betterment LLC lifted its stake in shares of 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 acquiring an additional 6,090,513 shares in the last quarter. Finally, Bedel Financial Consulting Inc. lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 2.3% in the third quarter. Bedel Financial Consulting Inc. now owns 661,268 shares of the company’s stock worth $33,110,000 after acquiring an additional 15,042 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA:VTEB opened at $50.35 on Wednesday. Vanguard Tax-Exempt Bond ETF has a one year low of $48.46 and a one year high of $51.18. The business’s 50-day simple moving average is $50.22 and its 200 day simple moving average is $50.34.

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.