Smithbridge Asset Management Inc. DE Invests $955,000 in Vanguard Tax-Exempt Bond ETF $VTEB

Smithbridge Asset Management Inc. DE bought a new stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the first quarter, Holdings Channel reports. The institutional investor bought 19,145 shares of the company’s stock, valued at approximately $955,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chesley Taft & Associates LLC lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 18.4% in the 4th quarter. Chesley Taft & Associates LLC now owns 150,812 shares of the company’s stock valued at $7,584,000 after purchasing an additional 23,425 shares during the last quarter. Bear Mountain Capital Inc. increased its position in shares of Vanguard Tax-Exempt Bond ETF by 418.3% during the 4th quarter. Bear Mountain Capital Inc. now owns 102,548 shares of the company’s stock valued at $5,190,000 after purchasing an additional 82,764 shares during the last quarter. Apella Capital LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 11.5% during the 4th quarter. Apella Capital LLC now owns 434,264 shares of the company’s stock valued at $21,839,000 after purchasing an additional 44,649 shares during the last quarter. Betterment LLC raised its holdings in Vanguard Tax-Exempt Bond ETF by 1,261.4% during the 3rd quarter. Betterment LLC now owns 6,573,354 shares of the company’s stock valued at $329,128,000 after buying an additional 6,090,513 shares during the period. Finally, Cliftonlarsonallen Wealth Advisors LLC raised its holdings in Vanguard Tax-Exempt Bond ETF by 4.3% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 5,599,510 shares of the company’s stock valued at $281,599,000 after buying an additional 232,640 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB opened at $50.47 on Thursday. The business has a fifty day moving average of $50.27 and a 200 day moving average of $50.36. Vanguard Tax-Exempt Bond ETF has a 52-week low of $48.46 and a 52-week 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.