Merit Financial Group LLC Increases Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Merit Financial Group LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 8.1% during the fourth quarter, Holdings Channel reports. The fund owned 135,552 shares of the company’s stock after acquiring an additional 10,181 shares during the quarter. Merit Financial Group LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $6,795,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VTEB. Relyea Zuckerberg Hanson LLC grew its holdings in Vanguard Tax-Exempt Bond ETF by 23.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 34,746 shares of the company’s stock valued at $1,742,000 after buying an additional 6,684 shares during the period. Wealthcare Advisory Partners LLC boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 9.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 117,689 shares of the company’s stock worth $5,900,000 after acquiring an additional 10,403 shares during the last quarter. FF Advisors LLC grew its holdings in Vanguard Tax-Exempt Bond ETF by 5.6% in the fourth quarter. FF Advisors LLC now owns 28,077 shares of the company’s stock valued at $1,418,000 after purchasing an additional 1,480 shares during the period. RDA Financial Network increased its position in Vanguard Tax-Exempt Bond ETF by 2.2% during the fourth quarter. RDA Financial Network now owns 16,328 shares of the company’s stock worth $819,000 after purchasing an additional 346 shares during the last quarter. Finally, First Pacific Financial raised its stake in Vanguard Tax-Exempt Bond ETF by 12.0% during the fourth quarter. First Pacific Financial now owns 41,574 shares of the company’s stock worth $2,084,000 after purchasing an additional 4,467 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA VTEB opened at $49.94 on Friday. The firm has a fifty day moving average of $50.38 and a 200-day moving average of $50.56. Vanguard Tax-Exempt Bond ETF has a 52-week low of $49.49 and a 52-week high of $51.17.

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.