Burt Wealth Advisors Purchases 670 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Burt Wealth Advisors raised its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 0.7% in the first quarter, HoldingsChannel reports. The firm owned 95,838 shares of the company’s stock after buying an additional 670 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up 1.2% of Burt Wealth Advisors’ investment portfolio, making the stock its 17th largest position. Burt Wealth Advisors’ holdings in Vanguard Tax-Exempt Bond ETF were worth $4,755,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Garde Capital Inc. bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the 1st quarter valued at approximately $47,163,000. Brewster Financial Planning LLC lifted its holdings in Vanguard Tax-Exempt Bond ETF by 35.7% in the 1st quarter. Brewster Financial Planning LLC now owns 32,660 shares of the company’s stock worth $1,621,000 after purchasing an additional 8,590 shares in the last quarter. Petra Financial Advisors Inc. lifted its holdings in Vanguard Tax-Exempt Bond ETF by 22.3% in the 1st quarter. Petra Financial Advisors Inc. now owns 36,813 shares of the company’s stock worth $1,827,000 after purchasing an additional 6,708 shares in the last quarter. PFG Investments LLC lifted its holdings in Vanguard Tax-Exempt Bond ETF by 4.2% in the 1st quarter. PFG Investments LLC now owns 19,495 shares of the company’s stock worth $967,000 after purchasing an additional 781 shares in the last quarter. Finally, Advisor Resource Council purchased a new position in Vanguard Tax-Exempt Bond ETF in the 1st quarter worth approximately $4,522,000.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA VTEB opened at $48.87 on Friday. The stock’s 50 day moving average is $48.80 and its 200 day moving average is $49.58. Vanguard Tax-Exempt Bond ETF has a 12 month low of $47.02 and a 12 month high of $51.17.

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.