Envestnet Asset Management Inc. Buys 368,696 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Envestnet Asset Management Inc. lifted its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 4.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,963,105 shares of the company’s stock after acquiring an additional 368,696 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.16% of Vanguard Tax-Exempt Bond ETF worth $439,461,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in VTEB. Valley National Advisers Inc. purchased a new position in Vanguard Tax-Exempt Bond ETF in the 1st quarter worth approximately $25,000. Fairway Wealth LLC purchased a new position in Vanguard Tax-Exempt Bond ETF in the 1st quarter worth approximately $27,000. Wolff Wiese Magana LLC lifted its holdings in Vanguard Tax-Exempt Bond ETF by 56.8% in the 2nd quarter. Wolff Wiese Magana LLC now owns 596 shares of the company’s stock worth $29,000 after purchasing an additional 216 shares in the last quarter. Rossby Financial LCC purchased a new position in Vanguard Tax-Exempt Bond ETF in the 1st quarter worth approximately $35,000. Finally, Cloud Capital Management LLC purchased a new position in Vanguard Tax-Exempt Bond ETF in the 1st quarter worth approximately $41,000.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA VTEB opened at $50.57 on Monday. The stock’s 50 day moving average is $49.80 and its 200 day moving average is $49.14. Vanguard Tax-Exempt Bond ETF has a 12 month low of $47.02 and a 12 month high of $51.09.

Vanguard Tax-Exempt Bond ETF 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.