Independent Financial Group LLC Invests $727,000 in Vanguard Tax-Exempt Bond ETF $VTEB

Independent Financial Group LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,576 shares of the company’s stock, valued at approximately $727,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VTEB. Rothschild Investment LLC increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 653.8% during the 4th quarter. Rothschild Investment LLC now owns 490 shares of the company’s stock worth $25,000 after purchasing an additional 425 shares during the period. JPL Wealth Management LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the third quarter valued at about $25,000. Nepc LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at about $34,000. Measured Wealth Private Client Group LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF during the third quarter worth about $37,000. Finally, Global Trust Asset Management LLC grew its position in Vanguard Tax-Exempt Bond ETF by 117.6% during the first quarter. Global Trust Asset Management LLC now owns 925 shares of the company’s stock worth $46,000 after buying an additional 500 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB opened at $49.95 on Wednesday. The stock’s 50-day moving average price is $50.26 and its 200 day moving average price is $50.36. Vanguard Tax-Exempt Bond ETF has a 12-month low of $48.46 and a 12-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.