Mainsail Financial Group LLC Makes New Investment in Vanguard Tax-Exempt Bond ETF $VTEB

Mainsail Financial Group LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the third quarter, Holdings Channel.com reports. The fund acquired 10,430 shares of the company’s stock, valued at approximately $494,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Winthrop Advisory Group LLC increased its stake in Vanguard Tax-Exempt Bond ETF by 545.5% in the third quarter. Winthrop Advisory Group LLC now owns 1,311,481 shares of the company’s stock valued at $62,112,000 after acquiring an additional 1,108,297 shares during the last quarter. Orgel Wealth Management LLC lifted its stake in Vanguard Tax-Exempt Bond ETF by 21.4% during the third quarter. Orgel Wealth Management LLC now owns 4,334,288 shares of the company’s stock worth $205,272,000 after purchasing an additional 763,337 shares during the last quarter. Wealthfront Advisers LLC lifted its stake in Vanguard Tax-Exempt Bond ETF by 3.1% during the first quarter. Wealthfront Advisers LLC now owns 24,913,759 shares of the company’s stock worth $1,242,947,000 after purchasing an additional 760,249 shares during the last quarter. Sei Investments Co. lifted its stake in Vanguard Tax-Exempt Bond ETF by 4.9% during the first quarter. Sei Investments Co. now owns 14,164,689 shares of the company’s stock worth $706,677,000 after purchasing an additional 659,339 shares during the last quarter. Finally, Boston Standard Wealth Management LLC bought a new stake in Vanguard Tax-Exempt Bond ETF during the third quarter worth about $30,567,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB opened at $48.51 on Monday. The stock has a 50-day moving average price of $48.33 and a 200-day moving average price of $49.52. Vanguard Tax-Exempt Bond ETF has a 12-month low of $46.87 and a 12-month 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.