Vanguard Tax-Exempt Bond ETF $VTEB Shares Newly Bought by Brown Financial Advisory

Brown Financial Advisory bought a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the 3rd quarter, HoldingsChannel reports. The firm bought 25,100 shares of the company’s stock, valued at approximately $1,189,000. Vanguard Tax-Exempt Bond ETF comprises approximately 0.5% of Brown Financial Advisory’s holdings, making the stock its 14th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arlington Trust Co LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 2nd quarter valued at about $38,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth approximately $40,000. Legacy Wealth Managment LLC ID bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the first quarter valued at approximately $49,000. Trust Co. of Vermont bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the second quarter valued at approximately $50,000. Finally, Asset Dedication LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the first quarter valued at approximately $51,000.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of VTEB stock opened at $49.19 on Thursday. The company’s 50 day moving average is $48.20 and its 200 day moving average is $49.70. Vanguard Tax-Exempt Bond ETF has a 52-week low of $46.87 and a 52-week 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.