Ryan Investment Management Inc. Takes Position in Vanguard Tax-Exempt Bond ETF $VTEB

Ryan Investment Management Inc. purchased a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,501 shares of the company’s stock, valued at approximately $733,000. Vanguard Tax-Exempt Bond ETF makes up approximately 0.3% of Ryan Investment Management Inc.’s portfolio, making the stock its 18th biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of the company. ACT Wealth Management LLC increased its stake in Vanguard Tax-Exempt Bond ETF by 2.7% in the 2nd quarter. ACT Wealth Management LLC now owns 50,090 shares of the company’s stock valued at $2,534,000 after purchasing an additional 1,302 shares in the last quarter. Elmwood Wealth Management Inc. raised its holdings in Vanguard Tax-Exempt Bond ETF by 2.6% during the second quarter. Elmwood Wealth Management Inc. now owns 68,832 shares of the company’s stock worth $3,482,000 after purchasing an additional 1,740 shares during the last quarter. Apella Capital LLC boosted its position in Vanguard Tax-Exempt Bond ETF by 5.5% during the second quarter. Apella Capital LLC now owns 504,194 shares of the company’s stock worth $25,421,000 after purchasing an additional 26,249 shares in the last quarter. Clark Asset Management LLC boosted its position in Vanguard Tax-Exempt Bond ETF by 1.4% during the second quarter. Clark Asset Management LLC now owns 316,350 shares of the company’s stock worth $16,001,000 after purchasing an additional 4,405 shares in the last quarter. Finally, Evanson Financial LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF in the second quarter valued at $16,643,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB stock opened at $49.67 on Friday. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $48.76 and a fifty-two week high of $51.18. The business has a fifty day simple moving average of $50.19 and a 200-day simple moving average of $50.29.

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.