Paragon Capital Management Ltd Increases Position in Vanguard Tax-Exempt Bond ETF $VTEB

Paragon Capital Management Ltd raised its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 23.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,743 shares of the company’s stock after purchasing an additional 11,981 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises 0.6% of Paragon Capital Management Ltd’s portfolio, making the stock its 23rd largest holding. Paragon Capital Management Ltd’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,019,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Insight Wealth Strategies LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 3.3% in the third quarter. Insight Wealth Strategies LLC now owns 86,913 shares of the company’s stock valued at $4,116,000 after buying an additional 2,775 shares during the period. Graves Light Lenhart Wealth Inc. grew its holdings in Vanguard Tax-Exempt Bond ETF by 22.2% during the third quarter. Graves Light Lenhart Wealth Inc. now owns 277,993 shares of the company’s stock worth $13,166,000 after acquiring an additional 50,433 shares during the period. Prosperity Planning Inc. raised its position in Vanguard Tax-Exempt Bond ETF by 5.9% in the third quarter. Prosperity Planning Inc. now owns 28,393 shares of the company’s stock worth $1,345,000 after acquiring an additional 1,594 shares in the last quarter. Inspirion Wealth Advisors LLC bought a new stake in Vanguard Tax-Exempt Bond ETF in the third quarter worth about $776,000. Finally, Eclectic Associates Inc. ADV lifted its holdings in Vanguard Tax-Exempt Bond ETF by 27.4% in the 3rd quarter. Eclectic Associates Inc. ADV now owns 63,895 shares of the company’s stock valued at $3,026,000 after acquiring an additional 13,756 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Up 0.4%

Shares of NYSEARCA VTEB traded up $0.20 during midday trading on Friday, reaching $47.34. The company’s stock had a trading volume of 17,067,231 shares, compared to its average volume of 10,747,645. Vanguard Tax-Exempt Bond ETF has a one year low of $46.87 and a one year high of $51.18. The company has a 50 day moving average price of $48.73 and a 200 day moving average price of $49.67.

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.