Cannon Financial Strategists Inc. Makes New Investment in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Cannon Financial Strategists Inc. acquired a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 56,077 shares of the company’s stock, valued at approximately $2,810,000. Vanguard Tax-Exempt Bond ETF accounts for 0.5% of Cannon Financial Strategists Inc.’s holdings, making the stock its 20th largest holding.

Several other large investors have also recently added to or reduced their stakes in VTEB. Curbstone Financial Management Corp lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 2.0% during the 1st quarter. Curbstone Financial Management Corp now owns 10,450 shares of the company’s stock valued at $529,000 after acquiring an additional 200 shares during the period. Steele Capital Management Inc. raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 0.9% during the 2nd quarter. Steele Capital Management Inc. now owns 22,105 shares of the company’s stock worth $1,108,000 after buying an additional 200 shares in the last quarter. Kohmann Bosshard Financial Services LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 1.3% in the second quarter. Kohmann Bosshard Financial Services LLC now owns 15,097 shares of the company’s stock valued at $757,000 after buying an additional 201 shares in the last quarter. Transcendent Capital Group LLC grew its position in Vanguard Tax-Exempt Bond ETF by 2.1% in the second quarter. Transcendent Capital Group LLC now owns 9,820 shares of the company’s stock valued at $492,000 after acquiring an additional 201 shares during the last quarter. Finally, Perennial Advisors LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 0.7% during the first quarter. Perennial Advisors LLC now owns 30,568 shares of the company’s stock worth $1,547,000 after acquiring an additional 204 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB stock opened at $51.14 on Wednesday. The firm has a 50-day moving average price of $50.80 and a 200-day moving average price of $50.38. Vanguard Tax-Exempt Bond ETF has a 12 month low of $47.14 and a 12 month high of $51.17.

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.