Petersen Hastings Wealth Advisors Inc. bought a new stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 403,510 shares of the company’s stock, valued at approximately $20,292,000. Vanguard Tax-Exempt Bond ETF comprises about 1.9% of Petersen Hastings Wealth Advisors Inc.’s portfolio, making the stock its 13th biggest holding.
A number of other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 2.5% during 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 acquiring an additional 903,850 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 8.5% during the fourth quarter. Wealthfront Advisers LLC now owns 24,153,510 shares of the company’s stock valued at $1,214,680,000 after acquiring an additional 1,889,400 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1.8% during the third quarter. Raymond James Financial Inc. now owns 22,217,280 shares of the company’s stock valued at $1,112,419,000 after acquiring an additional 386,204 shares during the last quarter. TIAA Trust National Association raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 14.4% during the third quarter. TIAA Trust National Association now owns 14,255,500 shares of the company’s stock valued at $713,772,000 after acquiring an additional 1,799,750 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 5.0% during the third quarter. Sei Investments Co. now owns 13,859,052 shares of the company’s stock valued at $693,922,000 after acquiring an additional 654,293 shares during the last quarter.
Vanguard Tax-Exempt Bond ETF Price Performance
Shares of Vanguard Tax-Exempt Bond ETF stock opened at $50.38 on Friday. The business has a 50 day simple moving average of $50.14 and a two-hundred day simple moving average of $50.35. Vanguard Tax-Exempt Bond ETF has a 12 month low of $48.46 and a 12 month 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.
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