Northwestern Mutual Wealth Management Co. Acquires 903,850 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Northwestern Mutual Wealth Management Co. grew its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,651,506 shares of the company’s stock after acquiring an additional 903,850 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for approximately 1.2% of Northwestern Mutual Wealth Management Co.’s investment portfolio, making the stock its 16th biggest position. Northwestern Mutual Wealth Management Co. owned about 4.33% of Vanguard Tax-Exempt Bond ETF worth $1,843,204,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. PFG Investments LLC boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 1.3% in the fourth quarter. PFG Investments LLC now owns 15,902 shares of the company’s stock valued at $800,000 after acquiring an additional 198 shares during the period. Quantum Financial Planning Services Inc. boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 2.1% in the fourth quarter. Quantum Financial Planning Services Inc. now owns 9,559 shares of the company’s stock valued at $481,000 after acquiring an additional 199 shares during the period. Jordan Park Trust Co LLC boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 1.8% in the fourth quarter. Jordan Park Trust Co LLC now owns 11,604 shares of the company’s stock valued at $584,000 after acquiring an additional 200 shares during the period. Bridgewealth Advisory Group LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 4.1% in the fourth quarter. Bridgewealth Advisory Group LLC now owns 5,114 shares of the company’s stock valued at $257,000 after buying an additional 200 shares during the period. Finally, Planning Directions Inc. boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 1.1% in the fourth quarter. Planning Directions Inc. now owns 18,551 shares of the company’s stock valued at $933,000 after buying an additional 207 shares during the period.

Vanguard Tax-Exempt Bond ETF Trading Up 0.1%

Shares of VTEB stock opened at $50.28 on Friday. The stock has a 50 day simple moving average of $50.10 and a 200 day simple moving average 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 Company 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.