Hyundai Investments Co. Ltd. Invests $571,000 in Vanguard Tax-Exempt Bond ETF $VTEB

Hyundai Investments Co. Ltd. acquired a new position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 11,358 shares of the company’s stock, valued at approximately $571,000. Vanguard Tax-Exempt Bond ETF makes up about 0.6% of Hyundai Investments Co. Ltd.’s holdings, making the stock its 20th biggest position.

A number of other large investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. grew 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 worth $5,257,899,000 after buying an additional 5,461,346 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 2.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 36,651,506 shares of the company’s stock worth $1,843,204,000 after buying an additional 903,850 shares during the last quarter. Morgan Stanley grew its position in shares of Vanguard Tax-Exempt Bond ETF by 9.4% in the 4th quarter. Morgan Stanley now owns 25,172,743 shares of the company’s stock worth $1,265,937,000 after buying an additional 2,173,235 shares during the last quarter. Wealthfront Advisers LLC grew its position in shares of Vanguard Tax-Exempt Bond ETF by 8.5% in the 4th quarter. Wealthfront Advisers LLC now owns 24,153,510 shares of the company’s stock worth $1,214,680,000 after buying an additional 1,889,400 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 1.8% in the 3rd quarter. Raymond James Financial Inc. now owns 22,217,280 shares of the company’s stock worth $1,112,419,000 after buying an additional 386,204 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Up 0.1%

Shares of VTEB stock opened at $50.35 on Tuesday. The business’s 50 day moving average price is $50.21 and its 200-day moving average price is $50.35. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $48.46 and a fifty-two week 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.