Bluestem Financial Advisors LLC Invests $1.50 Million in Vanguard Tax-Exempt Bond ETF $VTEB

Bluestem Financial Advisors LLC bought a new stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,112 shares of the company’s stock, valued at approximately $1,502,000. Vanguard Tax-Exempt Bond ETF comprises approximately 0.6% of Bluestem Financial Advisors LLC’s portfolio, making the stock its 21st largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. PFG Investments LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 1.3% in the fourth quarter. PFG Investments LLC now owns 15,902 shares of the company’s stock worth $800,000 after purchasing an additional 198 shares in the last quarter. Quantum Financial Planning Services Inc. grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 2.1% during the fourth quarter. Quantum Financial Planning Services Inc. now owns 9,559 shares of the company’s stock worth $481,000 after purchasing an additional 199 shares during the last quarter. Jordan Park Trust Co LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 1.8% in the fourth quarter. Jordan Park Trust Co LLC now owns 11,604 shares of the company’s stock valued at $584,000 after buying an additional 200 shares in the last quarter. Bridgewealth Advisory Group LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 4.1% in the fourth quarter. Bridgewealth Advisory Group LLC now owns 5,114 shares of the company’s stock valued at $257,000 after buying an additional 200 shares in the last quarter. Finally, Intrua Financial LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 3.8% in the first quarter. Intrua Financial LLC now owns 5,460 shares of the company’s stock valued at $272,000 after buying an additional 200 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Down 0.3%

Shares of NYSEARCA VTEB opened at $50.26 on Thursday. The firm’s 50-day simple moving average is $50.27 and its 200 day simple moving average is $50.37. Vanguard Tax-Exempt Bond ETF has a 12-month low of $48.46 and a 12-month high of $51.18.

Vanguard Tax-Exempt Bond ETF Company 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.