Verus Wealth Management LLC Takes $3.24 Million Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Verus Wealth Management LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 64,703 shares of the company’s stock, valued at approximately $3,244,000. Vanguard Tax-Exempt Bond ETF accounts for approximately 3.6% of Verus Wealth Management LLC’s investment portfolio, making the stock its 10th largest holding.

Other hedge funds also recently modified their holdings of the company. Captrust Financial Advisors grew its stake in Vanguard Tax-Exempt Bond ETF by 18.6% during the third quarter. Captrust Financial Advisors now owns 294,682 shares of the company’s stock worth $15,064,000 after buying an additional 46,219 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in Vanguard Tax-Exempt Bond ETF during the fourth quarter worth $103,000. Eclectic Associates Inc. ADV lifted its stake in Vanguard Tax-Exempt Bond ETF by 5.3% during the 4th quarter. Eclectic Associates Inc. ADV now owns 19,187 shares of the company’s stock valued at $962,000 after acquiring an additional 972 shares in the last quarter. Souders Financial Advisors raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 8.3% during the 2nd quarter. Souders Financial Advisors now owns 27,371 shares of the company’s stock worth $1,372,000 after purchasing an additional 2,095 shares during the period. Finally, Global Wealth Strategies & Associates increased its holdings in Vanguard Tax-Exempt Bond ETF by 18,120.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 3,644 shares of the company’s stock worth $186,000 after acquiring an additional 3,624 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA:VTEB opened at $50.18 on Wednesday. The business has a 50 day moving average of $50.32 and a 200 day moving average of $50.55. Vanguard Tax-Exempt Bond ETF has a 1-year low of $49.49 and a 1-year 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.