Members Trust Co Grows Stock Position in Vanguard Tax-Exempt Bond ETF $VTEB

Members Trust Co lifted its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 3.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,453,861 shares of the company’s stock after buying an additional 90,170 shares during the period. Vanguard Tax-Exempt Bond ETF makes up about 4.1% of Members Trust Co’s investment portfolio, making the stock its 8th biggest position. Members Trust Co’s holdings in Vanguard Tax-Exempt Bond ETF were worth $122,423,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in Vanguard Tax-Exempt Bond ETF by 5.5% during the fourth quarter. JPMorgan Chase & Co. now owns 104,551,572 shares of the company’s stock valued at $5,257,899,000 after acquiring an additional 5,461,346 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Vanguard Tax-Exempt Bond ETF by 2.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 36,651,506 shares of the company’s stock worth $1,843,204,000 after purchasing an additional 903,850 shares during the last quarter. Morgan Stanley grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 9.4% during 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 during the period. Raymond James Financial Inc. grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 10.8% during the 4th quarter. Raymond James Financial Inc. now owns 24,614,196 shares of the company’s stock valued at $1,237,835,000 after purchasing an additional 2,396,916 shares during the period. Finally, Wealthfront Advisers LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 8.5% during the 4th quarter. Wealthfront Advisers LLC now owns 24,153,510 shares of the company’s stock valued at $1,214,680,000 after purchasing an additional 1,889,400 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Up 0.0%

NYSEARCA VTEB opened at $50.29 on Wednesday. The company has a 50-day moving average price of $50.27 and a 200-day moving average price of $50.37. Vanguard Tax-Exempt Bond ETF has a 52 week low of $48.46 and a 52 week 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.