Level Wealth Management LLC Buys 72,165 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Level Wealth Management LLC lifted its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 36.7% in the first quarter, Holdings Channel reports. The firm owned 268,707 shares of the company’s stock after buying an additional 72,165 shares during the period. Vanguard Tax-Exempt Bond ETF accounts for about 6.3% of Level Wealth Management LLC’s investment portfolio, making the stock its 4th largest position. Level Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $13,406,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Vanguard Tax-Exempt Bond ETF by 5.5% in the 4th quarter. JPMorgan Chase & Co. now owns 104,551,572 shares of the company’s stock worth $5,257,899,000 after buying an additional 5,461,346 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Vanguard Tax-Exempt Bond ETF by 2.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 36,651,506 shares of the company’s stock worth $1,843,204,000 after buying an additional 903,850 shares in the last quarter. Morgan Stanley raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 9.4% during the fourth quarter. Morgan Stanley now owns 25,172,743 shares of the company’s stock valued at $1,265,937,000 after acquiring an additional 2,173,235 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 10.8% during the fourth quarter. Raymond James Financial Inc. now owns 24,614,196 shares of the company’s stock valued at $1,237,835,000 after acquiring an additional 2,396,916 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 8.5% in the fourth quarter. Wealthfront Advisers LLC now owns 24,153,510 shares of the company’s stock valued at $1,214,680,000 after acquiring an additional 1,889,400 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA VTEB opened at $50.53 on Friday. The stock’s 50 day simple moving average is $50.27 and its 200-day simple moving average is $50.36. Vanguard Tax-Exempt Bond ETF has a 1-year low of $48.46 and a 1-year high of $51.18.

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.