Elm Partners Management LLC Buys 317,820 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Elm Partners Management LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 235.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 452,643 shares of the company’s stock after purchasing an additional 317,820 shares during the period. Vanguard Tax-Exempt Bond ETF accounts for 1.0% of Elm Partners Management LLC’s holdings, making the stock its 21st biggest position. Elm Partners Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $22,763,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of VTEB. Wellington Management Group LLP bought a new stake in Vanguard Tax-Exempt Bond ETF during the third quarter valued at about $347,641,000. Betterment LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 1,261.4% in the third quarter. Betterment LLC now owns 6,573,354 shares of the company’s stock worth $329,128,000 after acquiring an additional 6,090,513 shares during the period. Corient Private Wealth LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 87.6% in the second quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock worth $363,056,000 after acquiring an additional 3,458,654 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 49.8% in the third quarter. Mercer Global Advisors Inc. ADV now owns 9,591,400 shares of the company’s stock worth $480,241,000 after acquiring an additional 3,187,040 shares during the period. Finally, Wealthfront Advisers LLC boosted its stake in shares of 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 worth $1,214,680,000 after acquiring an additional 1,889,400 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Up 0.2%

NYSEARCA VTEB opened at $50.36 on Friday. The business has a 50-day moving average price of $50.10 and a 200-day moving average price of $50.35. Vanguard Tax-Exempt Bond ETF has a twelve month low of $48.46 and a twelve month 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.