Summit Wealth Group LLC Buys 15,445 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Summit Wealth Group LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 23.6% in the 3rd quarter, Holdings Channel reports. The firm owned 80,830 shares of the company’s stock after acquiring an additional 15,445 shares during the period. Vanguard Tax-Exempt Bond ETF comprises 1.2% of Summit Wealth Group LLC’s investment portfolio, making the stock its 23rd largest holding. Summit Wealth Group LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $4,132,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in VTEB. TIAA Trust National Association boosted its position in Vanguard Tax-Exempt Bond ETF by 21.4% during the second quarter. TIAA Trust National Association now owns 13,830,411 shares of the company’s stock valued at $693,044,000 after buying an additional 2,441,163 shares during the period. Jane Street Group LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 1st quarter worth about $82,895,000. Sanctuary Advisors LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the second quarter valued at approximately $71,067,000. Creative Planning boosted its holdings in Vanguard Tax-Exempt Bond ETF by 3.2% in the second quarter. Creative Planning now owns 25,601,034 shares of the company’s stock worth $1,282,868,000 after acquiring an additional 796,659 shares in the last quarter. Finally, Koss Olinger Consulting LLC purchased a new position in Vanguard Tax-Exempt Bond ETF in the second quarter worth about $33,945,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB opened at $50.53 on Tuesday. The company’s 50-day simple moving average is $50.69 and its two-hundred day simple moving average is $50.46. Vanguard Tax-Exempt Bond ETF has a 52-week low of $49.12 and a 52-week high of $51.17.

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.