Sax Wealth Advisors LLC Has $2.78 Million Holdings in Vanguard Tax-Exempt Bond ETF $VTEB

Sax Wealth Advisors LLC lifted its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 231.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,808 shares of the company’s stock after acquiring an additional 38,948 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $2,784,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 5.5% in the fourth quarter. JPMorgan Chase & Co. now owns 104,551,572 shares of the company’s stock worth $5,257,899,000 after buying an additional 5,461,346 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 2.5% in 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 purchasing an additional 903,850 shares during the last quarter. Morgan Stanley increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 9.4% in the fourth quarter. Morgan Stanley now owns 25,172,743 shares of the company’s stock worth $1,265,937,000 after purchasing an additional 2,173,235 shares during the period. Wealthfront Advisers LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 3.1% during the 1st quarter. Wealthfront Advisers LLC now owns 24,913,759 shares of the company’s stock worth $1,242,947,000 after purchasing an additional 760,249 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Vanguard Tax-Exempt Bond ETF by 10.8% in the 4th quarter. Raymond James Financial Inc. now owns 24,614,196 shares of the company’s stock valued at $1,237,835,000 after buying an additional 2,396,916 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA VTEB opened at $49.81 on Monday. Vanguard Tax-Exempt Bond ETF has a 12 month low of $48.76 and a 12 month high of $51.18. The business’s 50 day moving average is $50.18 and its two-hundred day moving average is $50.29.

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.