Heritage Wealth Management Inc. Texas Acquires New Holdings in Vanguard Tax-Exempt Bond ETF $VTEB

Heritage Wealth Management Inc. Texas bought a new stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,165 shares of the company’s stock, valued at approximately $671,000. Vanguard Tax-Exempt Bond ETF comprises approximately 0.3% of Heritage Wealth Management Inc. Texas’ portfolio, making the stock its 21st biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wealthfront Advisers LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 3.1% during the first quarter. Wealthfront Advisers LLC now owns 24,913,759 shares of the company’s stock valued at $1,242,947,000 after purchasing an additional 760,249 shares in the last quarter. Sei Investments Co. grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 4.9% in the 1st quarter. Sei Investments Co. now owns 14,164,689 shares of the company’s stock worth $706,677,000 after buying an additional 659,339 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 4.9% in the 1st quarter. Bank of America Corp DE now owns 12,650,375 shares of the company’s stock worth $631,127,000 after buying an additional 594,110 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 7.4% in the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 6,867,973 shares of the company’s stock worth $325,267,000 after buying an additional 473,743 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 8.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,852,832 shares of the company’s stock worth $296,036,000 after buying an additional 450,334 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA VTEB opened at $48.79 on Friday. The firm’s 50-day moving average price is $48.19 and its 200-day moving average price is $49.69. Vanguard Tax-Exempt Bond ETF has a 12-month low of $46.87 and a 12-month 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.