ACT Wealth Management LLC Makes New Investment in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

ACT Wealth Management LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,500 shares of the company’s stock, valued at approximately $486,000. Vanguard Tax-Exempt Bond ETF makes up about 0.2% of ACT Wealth Management LLC’s investment portfolio, making the stock its 25th biggest position.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Advisory Inc. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 4.7% during the first quarter. Charles Schwab Investment Advisory Inc. now owns 29,485,963 shares of the company’s stock worth $1,491,990,000 after purchasing an additional 1,333,540 shares in the last quarter. Creative Planning grew its holdings in Vanguard Tax-Exempt Bond ETF by 3.2% during the 2nd quarter. Creative Planning now owns 25,601,034 shares of the company’s stock valued at $1,282,868,000 after buying an additional 796,659 shares in the last quarter. Raymond James & Associates raised its position in shares of Vanguard Tax-Exempt Bond ETF by 1.5% during the second quarter. Raymond James & Associates now owns 17,893,412 shares of the company’s stock valued at $896,639,000 after buying an additional 255,949 shares during the last quarter. TIAA Trust National Association lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 21.4% in the second quarter. TIAA Trust National Association now owns 13,830,411 shares of the company’s stock worth $693,044,000 after buying an additional 2,441,163 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 5.7% during the second quarter. Envestnet Asset Management Inc. now owns 9,372,788 shares of the company’s stock worth $469,670,000 after acquiring an additional 502,858 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Down 0.2 %

VTEB opened at $50.70 on Wednesday. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $47.14 and a fifty-two week high of $51.17. The company has a fifty day moving average of $50.85 and a 200 day moving average of $50.39.

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.