Vanguard Tax-Exempt Bond ETF $VTEB is Wealthfront Advisers LLC’s 9th Largest Position

Wealthfront Advisers LLC grew its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,913,759 shares of the company’s stock after purchasing an additional 760,249 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up 2.7% of Wealthfront Advisers LLC’s portfolio, making the stock its 9th biggest position. Wealthfront Advisers LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,242,947,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Wellington Management Group LLP acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the third quarter worth $347,641,000. JPMorgan Chase & Co. boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 5.5% during the fourth 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 period. Corient Private Wealth LLC boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 87.6% during the second quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock worth $363,056,000 after buying an additional 3,458,654 shares during the period. Raymond James Financial Inc. grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 10.8% in the fourth quarter. Raymond James Financial Inc. now owns 24,614,196 shares of the company’s stock valued at $1,237,835,000 after buying an additional 2,396,916 shares in the last quarter. Finally, Morgan Stanley raised its holdings 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 valued at $1,265,937,000 after buying an additional 2,173,235 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB opened at $50.21 on Thursday. The stock’s 50-day moving average price is $50.27 and its 200 day moving average price is $50.37. Vanguard Tax-Exempt Bond ETF has a 12-month low of $48.46 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.