BCGM Wealth Management LLC Buys 11,195 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

BCGM Wealth Management LLC lifted its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 13.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 91,489 shares of the company’s stock after purchasing an additional 11,195 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for 1.1% of BCGM Wealth Management LLC’s holdings, making the stock its 26th biggest holding. BCGM Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $4,564,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Evergreen Advisors LLC bought a new stake in Vanguard Tax-Exempt Bond ETF during the first quarter worth about $1,000,000. Wealthfront Advisers LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 3.1% in the 1st quarter. Wealthfront Advisers LLC now owns 24,913,759 shares of the company’s stock valued at $1,242,947,000 after buying an additional 760,249 shares during the period. D.A. Davidson & CO. raised its position in shares of Vanguard Tax-Exempt Bond ETF by 2.3% in the 1st quarter. D.A. Davidson & CO. now owns 16,410 shares of the company’s stock valued at $819,000 after buying an additional 364 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Vanguard Tax-Exempt Bond ETF by 21.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,804,894 shares of the company’s stock valued at $90,046,000 after buying an additional 319,117 shares in the last quarter. Finally, Schwallier Wealth Management LLC lifted its stake in Vanguard Tax-Exempt Bond ETF by 15.1% during the first quarter. Schwallier Wealth Management LLC now owns 19,864 shares of the company’s stock worth $991,000 after purchasing an additional 2,602 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Down 0.1%

Shares of VTEB stock opened at $50.16 on Friday. The stock’s fifty day moving average price is $50.27 and its two-hundred day moving average price is $50.37. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $48.46 and a fifty-two week high of $51.18.

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.