Dravo Bay LLC Has $5.67 Million Stock Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Dravo Bay LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 49.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,155 shares of the company’s stock after purchasing an additional 36,786 shares during the period. Vanguard Tax-Exempt Bond ETF accounts for approximately 3.8% of Dravo Bay LLC’s investment portfolio, making the stock its 7th biggest holding. Dravo Bay LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $5,674,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in VTEB. ShoreHaven Wealth Partners LLC boosted its holdings in Vanguard Tax-Exempt Bond ETF by 4.3% in the 4th quarter. ShoreHaven Wealth Partners LLC now owns 24,271 shares of the company’s stock valued at $1,239,000 after purchasing an additional 1,004 shares during the period. Cherry Tree Wealth Management LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 9.9% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 52,303 shares of the company’s stock valued at $2,670,000 after buying an additional 4,718 shares during the period. Charles Schwab Investment Advisory Inc. grew its position in Vanguard Tax-Exempt Bond ETF by 3.0% during the fourth quarter. Charles Schwab Investment Advisory Inc. now owns 28,152,423 shares of the company’s stock worth $1,437,181,000 after buying an additional 821,527 shares in the last quarter. Private Advisor Group LLC increased its stake in Vanguard Tax-Exempt Bond ETF by 10.2% during the 4th quarter. Private Advisor Group LLC now owns 222,775 shares of the company’s stock worth $11,373,000 after acquiring an additional 20,601 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its stake in Vanguard Tax-Exempt Bond ETF by 46.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 41,352 shares of the company’s stock worth $2,111,000 after acquiring an additional 13,024 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

Vanguard Tax-Exempt Bond ETF stock remained flat at $50.26 during mid-day trading on Wednesday. The company’s stock had a trading volume of 2,769,348 shares, compared to its average volume of 4,160,943. The firm’s 50 day simple moving average is $50.30 and its two-hundred day simple moving average is $50.12. Vanguard Tax-Exempt Bond ETF has a 12-month low of $47.14 and a 12-month high of $51.15.

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.