Flower City Capital Invests $6.91 Million in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Flower City Capital bought a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 139,539 shares of the company’s stock, valued at approximately $6,906,000. Vanguard Tax-Exempt Bond ETF makes up approximately 8.0% of Flower City Capital’s portfolio, making the stock its 5th biggest position.

Other hedge funds have also modified their holdings of the company. Align Wealth Management LLC purchased a new position in Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at about $25,000. Laurel Wealth Planning LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at about $28,000. SJS Investment Consulting Inc. acquired a new stake in Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at about $35,000. Clearstead Advisors LLC raised its holdings in Vanguard Tax-Exempt Bond ETF by 140.1% in the 2nd quarter. Clearstead Advisors LLC now owns 761 shares of the company’s stock valued at $38,000 after acquiring an additional 444 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at about $38,000.

Vanguard Tax-Exempt Bond ETF Trading Up 0.2 %

VTEB stock opened at $50.27 on Friday. Vanguard Tax-Exempt Bond ETF has a 12 month low of $47.38 and a 12 month high of $52.22. The firm has a 50-day moving average of $50.19 and a two-hundred day moving average of $49.39.

Vanguard Tax-Exempt Bond ETF Profile

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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.