Fairscale Capital LLC Buys New Shares in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Fairscale Capital LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,563 shares of the company’s stock, valued at approximately $382,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Naples Money Management LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the 1st quarter worth about $34,000. Verus Capital Partners LLC acquired a new position in Vanguard Tax-Exempt Bond ETF during the second quarter worth approximately $36,000. Trust Co. of Vermont bought a new stake in Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at approximately $37,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at approximately $47,000. Finally, Voisard Asset Management Group Inc. bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter worth approximately $50,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB opened at $51.04 on Friday. The stock’s fifty day simple moving average is $50.71 and its 200 day simple moving average is $50.37. Vanguard Tax-Exempt Bond ETF has a 1-year low of $47.14 and a 1-year high of $51.17.

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.