Bluestem Financial Advisors LLC Buys Shares of 30,112 Vanguard Tax-Exempt Bond ETF $VTEB

Bluestem Financial Advisors LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,112 shares of the company’s stock, valued at approximately $1,502,000. Vanguard Tax-Exempt Bond ETF accounts for 0.6% of Bluestem Financial Advisors LLC’s investment portfolio, making the stock its 21st biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Vanguard Tax-Exempt Bond ETF by 5.5% in the 4th 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 period. Northwestern Mutual Wealth Management Co. grew its holdings in 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 purchasing an additional 903,850 shares during the period. Morgan Stanley grew its holdings in Vanguard Tax-Exempt Bond ETF by 9.4% during the fourth 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 holdings in Vanguard Tax-Exempt Bond ETF by 10.8% during the fourth 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 increased its stake in Vanguard Tax-Exempt Bond ETF by 8.5% in the fourth 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 in the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Down 0.3%

VTEB opened at $50.26 on Thursday. The firm’s fifty day moving average is $50.27 and its two-hundred day moving average is $50.37. Vanguard Tax-Exempt Bond ETF has a twelve month low of $48.46 and a twelve 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.