Navigate Wealth Management LLC Makes New Investment in Vanguard Tax-Exempt Bond ETF $VTEB

Navigate Wealth Management LLC purchased a new position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 1st quarter, Holdings Channel reports. The firm purchased 19,775 shares of the company’s stock, valued at approximately $996,000. Vanguard Tax-Exempt Bond ETF accounts for about 0.7% of Navigate Wealth Management LLC’s portfolio, making the stock its 28th largest position.

Several other institutional investors also recently modified their holdings of VTEB. Wellington Management Group LLP purchased a new position in Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth about $347,641,000. JPMorgan Chase & Co. grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 5.5% in the fourth quarter. JPMorgan Chase & Co. now owns 104,551,572 shares of the company’s stock worth $5,257,899,000 after acquiring an additional 5,461,346 shares during the period. Corient Private Wealth LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 87.6% during the second quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock valued at $363,056,000 after purchasing an additional 3,458,654 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Vanguard Tax-Exempt Bond ETF by 49.8% during the third quarter. Mercer Global Advisors Inc. ADV now owns 9,591,400 shares of the company’s stock valued at $480,241,000 after purchasing an additional 3,187,040 shares during the period. Finally, Raymond James Financial Inc. lifted its position in 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 purchasing an additional 2,396,916 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA:VTEB opened at $50.34 on Monday. Vanguard Tax-Exempt Bond ETF has a 12 month low of $48.46 and a 12 month high of $51.18. The company has a 50 day simple moving average of $50.27 and a two-hundred day simple moving average of $50.37.

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.