Cardinal Point Capital Management ULC Invests $10.99 Million in Vanguard Tax-Exempt Bond ETF $VTEB

Cardinal Point Capital Management ULC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 220,196 shares of the company’s stock, valued at approximately $10,986,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VTEB. Joel Adams & Associates Inc. grew its position in Vanguard Tax-Exempt Bond ETF by 25.9% in the 1st quarter. Joel Adams & Associates Inc. now owns 189,142 shares of the company’s stock worth $9,436,000 after purchasing an additional 38,884 shares during the period. RFG Advisory LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 48.9% during the 1st quarter. RFG Advisory LLC now owns 86,231 shares of the company’s stock valued at $4,302,000 after buying an additional 28,302 shares during the period. Provenance Wealth Advisors LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the 1st quarter valued at $196,000. Apella Capital LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 10.1% during the 1st quarter. Apella Capital LLC now owns 477,945 shares of the company’s stock valued at $24,112,000 after buying an additional 43,681 shares during the period. Finally, Surience Private Wealth LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 629.8% in the 1st quarter. Surience Private Wealth LLC now owns 41,204 shares of the company’s stock worth $2,056,000 after buying an additional 35,558 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB stock opened at $50.49 on Thursday. Vanguard Tax-Exempt Bond ETF has a 1 year low of $48.46 and a 1 year high of $51.18. The stock’s fifty day moving average price is $50.25 and its 200-day moving average price is $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.