Vanguard Tax-Exempt Bond ETF $VTEB Shares Purchased by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 38.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 105,305 shares of the company’s stock after buying an additional 29,205 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $5,163,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 2.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 34,497,385 shares of the company’s stock worth $1,711,760,000 after acquiring an additional 857,098 shares during the last quarter. Raymond James Financial Inc. boosted its stake in Vanguard Tax-Exempt Bond ETF by 4.4% during the 1st quarter. Raymond James Financial Inc. now owns 21,689,998 shares of the company’s stock worth $1,076,258,000 after purchasing an additional 912,969 shares during the period. TIAA Trust National Association grew its position in Vanguard Tax-Exempt Bond ETF by 1.7% during the 2nd quarter. TIAA Trust National Association now owns 12,455,750 shares of the company’s stock worth $610,703,000 after purchasing an additional 207,882 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Vanguard Tax-Exempt Bond ETF by 4.3% in the second quarter. Envestnet Asset Management Inc. now owns 8,963,105 shares of the company’s stock valued at $439,461,000 after purchasing an additional 368,696 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 10.1% in the first quarter. LPL Financial LLC now owns 5,957,028 shares of the company’s stock valued at $295,588,000 after buying an additional 545,244 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Down 0.1%

Shares of VTEB opened at $50.36 on Friday. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $47.02 and a fifty-two week high of $51.09. The firm has a 50-day simple moving average of $50.10 and a 200-day simple moving average of $49.28.

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.