Integrated Wealth Concepts LLC Acquires 304,308 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Integrated Wealth Concepts LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 23.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,577,972 shares of the company’s stock after purchasing an additional 304,308 shares during the period. Integrated Wealth Concepts LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $79,814,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in VTEB. Jane Street Group LLC grew its holdings in Vanguard Tax-Exempt Bond ETF by 1,498.4% during the 1st quarter. Jane Street Group LLC now owns 187,400 shares of the company’s stock worth $9,299,000 after acquiring an additional 175,676 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Vanguard Tax-Exempt Bond ETF by 510.2% in the second quarter. Russell Investments Group Ltd. now owns 3,576 shares of the company’s stock worth $175,000 after purchasing an additional 2,990 shares during the last quarter. First Trust Advisors LP grew its stake in Vanguard Tax-Exempt Bond ETF by 79.0% during the 2nd quarter. First Trust Advisors LP now owns 11,052 shares of the company’s stock worth $542,000 after buying an additional 4,878 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the second quarter valued at about $1,001,000. Finally, Main Street Financial Solutions LLC increased its stake in Vanguard Tax-Exempt Bond ETF by 2.9% during the 2nd quarter. Main Street Financial Solutions LLC now owns 47,957 shares of the company’s stock valued at $2,351,000 after purchasing an additional 1,364 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB stock opened at $48.87 on Wednesday. The business has a fifty day moving average of $49.75 and a 200 day moving average of $50.10. Vanguard Tax-Exempt Bond ETF has a 1 year low of $48.83 and a 1 year high of $51.18.

Vanguard Tax-Exempt Bond ETF 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.