Wesbanco Bank Inc. Makes New Investment in Vanguard Tax-Exempt Bond ETF $VTEB

Wesbanco Bank Inc. acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the first quarter, HoldingsChannel.com reports. The firm acquired 12,925 shares of the company’s stock, valued at approximately $645,000.

Several other institutional investors and hedge funds also recently made changes to their positions in VTEB. PFG Investments LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1.3% in the 4th quarter. PFG Investments LLC now owns 15,902 shares of the company’s stock worth $800,000 after purchasing an additional 198 shares during the last quarter. Quantum Financial Planning Services Inc. boosted its position in Vanguard Tax-Exempt Bond ETF by 2.1% in the fourth quarter. Quantum Financial Planning Services Inc. now owns 9,559 shares of the company’s stock valued at $481,000 after buying an additional 199 shares in the last quarter. Jordan Park Trust Co LLC boosted its position in Vanguard Tax-Exempt Bond ETF by 1.8% in the fourth quarter. Jordan Park Trust Co LLC now owns 11,604 shares of the company’s stock valued at $584,000 after buying an additional 200 shares in the last quarter. Bridgewealth Advisory Group LLC grew its stake in Vanguard Tax-Exempt Bond ETF by 4.1% during the fourth quarter. Bridgewealth Advisory Group LLC now owns 5,114 shares of the company’s stock worth $257,000 after buying an additional 200 shares during the last quarter. Finally, Planning Directions Inc. grew its stake in Vanguard Tax-Exempt Bond ETF by 1.1% during the fourth quarter. Planning Directions Inc. now owns 18,551 shares of the company’s stock worth $933,000 after buying an additional 207 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA VTEB opened at $50.56 on Monday. The company has a 50 day moving average of $50.26 and a 200-day moving average of $50.35. Vanguard Tax-Exempt Bond ETF has a 1-year low of $48.46 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.