Sequoia Financial Advisors LLC Grows Stock Position in Vanguard Tax-Exempt Bond ETF $VTEB

Sequoia Financial Advisors LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 1.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,628,647 shares of the company’s stock after buying an additional 17,085 shares during the period. Sequoia Financial Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $79,853,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of VTEB. GAMMA Investing LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the 1st quarter valued at about $592,000. GPS Wealth Strategies Group LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 201.0% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 1,189 shares of the company’s stock valued at $59,000 after buying an additional 794 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 20.7% during the 1st quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 4,630,555 shares of the company’s stock valued at $229,768,000 after buying an additional 792,628 shares during the last quarter. Motive Wealth Advisors raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 61.0% during the 1st quarter. Motive Wealth Advisors now owns 94,219 shares of the company’s stock valued at $4,675,000 after buying an additional 35,685 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the 1st quarter valued at about $2,704,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA:VTEB opened at $50.22 on Monday. Vanguard Tax-Exempt Bond ETF has a 52 week low of $47.02 and a 52 week high of $51.09. The stock’s 50-day moving average price is $49.48 and its 200-day moving average price is $49.05.

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.