Pension & Wealth Management Advisors Inc. Makes New Investment in Vanguard Tax-Exempt Bond ETF $VTEB

Pension & Wealth Management Advisors Inc. acquired a new position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,107 shares of the company’s stock, valued at approximately $573,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Benchmark Financial LLC raised its holdings in Vanguard Tax-Exempt Bond ETF by 19.6% in the 3rd quarter. Benchmark Financial LLC now owns 15,828 shares of the company’s stock worth $750,000 after purchasing an additional 2,591 shares during the period. Patriot Investment Management Group Inc. lifted its position in Vanguard Tax-Exempt Bond ETF by 10.4% during the third quarter. Patriot Investment Management Group Inc. now owns 130,203 shares of the company’s stock valued at $6,166,000 after purchasing an additional 12,243 shares in the last quarter. Neumann Capital Management LLC bought a new stake in Vanguard Tax-Exempt Bond ETF during the third quarter valued at about $609,000. NFSG Corp bought a new stake in Vanguard Tax-Exempt Bond ETF during the third quarter valued at about $71,000. Finally, Detalus Advisors LLC grew its holdings in Vanguard Tax-Exempt Bond ETF by 119.0% during the third quarter. Detalus Advisors LLC now owns 123,880 shares of the company’s stock valued at $5,867,000 after purchasing an additional 67,305 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB traded up $0.04 during midday trading on Friday, reaching $48.00. The company had a trading volume of 22,688,093 shares, compared to its average volume of 11,374,937. The business has a 50-day moving average of $48.49 and a two-hundred day moving average of $49.58. Vanguard Tax-Exempt Bond ETF has a 1 year low of $46.87 and a 1 year 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.