Abound Financial LLC Invests $524,000 in Vanguard Tax-Exempt Bond ETF $VTEB

Abound Financial LLC bought a new position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,425 shares of the company’s stock, valued at approximately $524,000.

Several other institutional investors have also recently made changes to their positions in VTEB. JPMorgan Chase & Co. grew its position in Vanguard Tax-Exempt Bond ETF by 5.5% during the fourth quarter. JPMorgan Chase & Co. now owns 104,551,572 shares of the company’s stock valued at $5,257,899,000 after buying an additional 5,461,346 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Vanguard Tax-Exempt Bond ETF by 2.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 36,651,506 shares of the company’s stock valued at $1,843,204,000 after buying an additional 903,850 shares during the period. Morgan Stanley grew its position in Vanguard Tax-Exempt Bond ETF by 9.4% during the fourth quarter. Morgan Stanley now owns 25,172,743 shares of the company’s stock valued at $1,265,937,000 after buying an additional 2,173,235 shares during the period. Wealthfront Advisers LLC grew its position in Vanguard Tax-Exempt Bond ETF by 8.5% during the fourth quarter. Wealthfront Advisers LLC now owns 24,153,510 shares of the company’s stock valued at $1,214,680,000 after buying an additional 1,889,400 shares during the period. Finally, Raymond James Financial Inc. grew its position in Vanguard Tax-Exempt Bond ETF by 1.8% during the third quarter. Raymond James Financial Inc. now owns 22,217,280 shares of the company’s stock valued at $1,112,419,000 after buying an additional 386,204 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB opened at $50.35 on Tuesday. The firm has a 50-day moving average of $50.21 and a 200 day moving average of $50.35. 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.