Watershed Private Wealth LLC Buys 7,577 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Watershed Private Wealth LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 12.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,816 shares of the company’s stock after buying an additional 7,577 shares during the period. Vanguard Tax-Exempt Bond ETF makes up about 1.4% of Watershed Private Wealth LLC’s investment portfolio, making the stock its 16th largest holding. Watershed Private Wealth LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,620,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Naples Money Management LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the 1st quarter worth about $34,000. Verus Capital Partners LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF in the second quarter worth approximately $36,000. Trust Co. of Vermont purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter valued at approximately $37,000. Abich Financial Wealth Management LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the second quarter valued at approximately $41,000. Finally, City State Bank purchased a new position in Vanguard Tax-Exempt Bond ETF in the 2nd quarter worth approximately $50,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB stock traded up $0.17 during midday trading on Tuesday, hitting $50.79. The company’s stock had a trading volume of 3,107,133 shares, compared to its average volume of 3,929,787. The firm’s 50-day moving average is $50.84 and its 200-day moving average is $50.39. Vanguard Tax-Exempt Bond ETF has a 12 month low of $47.14 and a 12 month high of $51.17.

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.