Cherry Tree Wealth Management LLC Raises Stake in Vanguard Tax-Exempt Bond ETF $VTEB

Cherry Tree Wealth Management LLC lifted its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 23.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,291 shares of the company’s stock after acquiring an additional 27,579 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for approximately 1.5% of Cherry Tree Wealth Management LLC’s investment portfolio, making the stock its 20th largest holding. Cherry Tree Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $7,307,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rothschild Investment LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 653.8% in the fourth quarter. Rothschild Investment LLC now owns 490 shares of the company’s stock valued at $25,000 after acquiring an additional 425 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the third quarter valued at about $25,000. United Financial Planning Group LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the third quarter valued at about $29,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the third quarter valued at about $37,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at about $50,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB stock opened at $50.36 on Friday. The business has a 50-day moving average price of $50.10 and a 200 day moving average price of $50.35. Vanguard Tax-Exempt Bond ETF has a 1-year low of $48.46 and a 1-year high of $51.18.

Vanguard Tax-Exempt Bond ETF Profile

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.