Sequoia Financial Advisors LLC Boosts Stock Holdings in Vanguard Tax-Exempt Bond ETF $VTEB

Sequoia Financial Advisors LLC boosted its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 8.3% during the first quarter, Holdings Channel.com reports. The fund owned 1,846,369 shares of the company’s stock after purchasing an additional 140,834 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $92,115,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VTEB. JPMorgan Chase & Co. increased its stake in Vanguard Tax-Exempt Bond ETF by 5.5% during the 4th 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 period. Northwestern Mutual Wealth Management Co. grew its holdings in Vanguard Tax-Exempt Bond ETF by 2.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 36,651,506 shares of the company’s stock worth $1,843,204,000 after acquiring an additional 903,850 shares in the last quarter. Morgan Stanley raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 9.4% in the 4th quarter. Morgan Stanley now owns 25,172,743 shares of the company’s stock valued at $1,265,937,000 after purchasing an additional 2,173,235 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 10.8% during the fourth quarter. Raymond James Financial Inc. now owns 24,614,196 shares of the company’s stock worth $1,237,835,000 after purchasing an additional 2,396,916 shares during the last quarter. Finally, Wealthfront Advisers LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 8.5% in 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 last quarter.

Vanguard Tax-Exempt Bond ETF Trading Up 0.1%

NYSEARCA:VTEB traded up $0.05 during trading hours on Friday, reaching $50.34. 4,921,566 shares of the stock were exchanged, compared to its average volume of 7,601,897. The firm has a 50 day simple moving average of $50.27 and a 200-day simple moving average of $50.37. Vanguard Tax-Exempt Bond ETF has a 52 week low of $48.46 and a 52 week high of $51.18.

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.