Drive Wealth Management LLC Grows Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Drive Wealth Management LLC raised its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 33,402 shares of the company’s stock after purchasing an additional 432 shares during the quarter. Drive Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,674,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 18.6% in the 3rd quarter. Captrust Financial Advisors now owns 294,682 shares of the company’s stock worth $15,064,000 after purchasing an additional 46,219 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter worth approximately $103,000. Eclectic Associates Inc. ADV boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 5.3% in the 4th quarter. Eclectic Associates Inc. ADV now owns 19,187 shares of the company’s stock worth $962,000 after purchasing an additional 972 shares during the period. Souders Financial Advisors boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 8.3% in the 2nd quarter. Souders Financial Advisors now owns 27,371 shares of the company’s stock worth $1,372,000 after purchasing an additional 2,095 shares during the period. Finally, EP Wealth Advisors LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 4.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 725,620 shares of the company’s stock worth $36,361,000 after purchasing an additional 30,328 shares during the period.

Vanguard Tax-Exempt Bond ETF Trading Up 0.1 %

Shares of Vanguard Tax-Exempt Bond ETF stock opened at $50.00 on Monday. Vanguard Tax-Exempt Bond ETF has a one year low of $49.49 and a one year high of $51.17. The stock has a 50 day moving average price of $50.34 and a 200-day moving average price of $50.55.

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.