Founders Grove Wealth Partners LLC Trims Stake in Vanguard Tax-Exempt Bond ETF $VTEB

Founders Grove Wealth Partners LLC lowered its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 41.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,286 shares of the company’s stock after selling 15,110 shares during the quarter. Founders Grove Wealth Partners LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,044,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VTEB. Facet Wealth Inc. increased its stake in Vanguard Tax-Exempt Bond ETF by 314.4% in the 1st quarter. Facet Wealth Inc. now owns 2,295,943 shares of the company’s stock worth $112,088,000 after buying an additional 1,741,949 shares during the period. Garde Capital Inc. purchased a new position in Vanguard Tax-Exempt Bond ETF in the 1st quarter worth about $47,163,000. Raymond James Financial Inc. increased its stake in Vanguard Tax-Exempt Bond ETF by 4.4% in the 1st quarter. Raymond James Financial Inc. now owns 21,689,998 shares of the company’s stock worth $1,076,258,000 after buying an additional 912,969 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Vanguard Tax-Exempt Bond ETF by 2.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 34,497,385 shares of the company’s stock worth $1,711,760,000 after buying an additional 857,098 shares during the period. Finally, Focus Partners Wealth increased its stake in Vanguard Tax-Exempt Bond ETF by 293.6% in the 1st quarter. Focus Partners Wealth now owns 909,113 shares of the company’s stock worth $45,110,000 after buying an additional 678,116 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Up 0.2%

VTEB stock opened at $50.31 on Tuesday. Vanguard Tax-Exempt Bond ETF has a 12 month low of $47.02 and a 12 month high of $51.09. The firm’s 50-day moving average is $49.51 and its 200 day moving average is $49.06.

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.