Elmwood Wealth Management Inc. Raises Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Elmwood Wealth Management Inc. raised its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 8.9% in the fourth quarter, Holdings Channel reports. The fund owned 67,491 shares of the company’s stock after buying an additional 5,525 shares during the period. Vanguard Tax-Exempt Bond ETF accounts for approximately 1.4% of Elmwood Wealth Management Inc.’s investment portfolio, making the stock its 23rd largest holding. Elmwood Wealth Management Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,383,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Corrigan Financial Inc. raised its holdings in Vanguard Tax-Exempt Bond ETF by 0.3% in the 4th quarter. Corrigan Financial Inc. now owns 178,718 shares of the company’s stock valued at $8,959,000 after acquiring an additional 555 shares during the last quarter. Accelerate Investment Advisors LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 8.0% in the 4th quarter. Accelerate Investment Advisors LLC now owns 7,468 shares of the company’s stock valued at $374,000 after purchasing an additional 550 shares during the last quarter. Moody National Bank Trust Division increased its holdings in Vanguard Tax-Exempt Bond ETF by 173.9% in the 4th quarter. Moody National Bank Trust Division now owns 48,371 shares of the company’s stock valued at $2,425,000 after purchasing an additional 30,710 shares during the last quarter. Wedmont Private Capital increased its holdings in Vanguard Tax-Exempt Bond ETF by 14.5% in the 4th quarter. Wedmont Private Capital now owns 1,215,658 shares of the company’s stock valued at $60,430,000 after purchasing an additional 154,000 shares during the last quarter. Finally, Envision Financial LLC purchased a new position in Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at approximately $1,098,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB stock traded down $0.15 during midday trading on Monday, hitting $49.56. The company’s stock had a trading volume of 6,151,673 shares, compared to its average volume of 4,981,974. Vanguard Tax-Exempt Bond ETF has a 52-week low of $49.52 and a 52-week high of $51.17. The firm has a 50-day simple moving average of $50.43 and a 200-day simple moving average of $50.57.

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.