Motive Wealth Advisors Acquires 33,387 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Motive Wealth Advisors boosted its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 409.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 41,537 shares of the company’s stock after purchasing an additional 33,387 shares during the period. Vanguard Tax-Exempt Bond ETF accounts for approximately 1.3% of Motive Wealth Advisors’ portfolio, making the stock its 19th largest position. Motive Wealth Advisors’ holdings in Vanguard Tax-Exempt Bond ETF were worth $2,102,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Stokes Family Office LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 1.5% during the first quarter. Stokes Family Office LLC now owns 69,308 shares of the company’s stock valued at $3,507,000 after purchasing an additional 1,033 shares during the period. PrairieView Partners LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 47.7% during the first quarter. PrairieView Partners LLC now owns 72,084 shares of the company’s stock valued at $3,648,000 after purchasing an additional 23,280 shares during the period. Keener Financial Planning LLC grew its position in Vanguard Tax-Exempt Bond ETF by 7.6% in the first quarter. Keener Financial Planning LLC now owns 9,713 shares of the company’s stock valued at $492,000 after acquiring an additional 690 shares during the period. Geneos Wealth Management Inc. grew its position in Vanguard Tax-Exempt Bond ETF by 3.7% in the first quarter. Geneos Wealth Management Inc. now owns 22,231 shares of the company’s stock valued at $1,125,000 after acquiring an additional 802 shares during the period. Finally, Silver Oak Advisory Group Inc. grew its position in Vanguard Tax-Exempt Bond ETF by 3.6% in the first quarter. Silver Oak Advisory Group Inc. now owns 226,881 shares of the company’s stock valued at $11,481,000 after acquiring an additional 7,969 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA:VTEB traded up $0.08 during trading hours on Friday, reaching $50.49. The company had a trading volume of 2,520,533 shares, compared to its average volume of 4,083,604. The stock has a 50-day moving average of $50.11 and a two-hundred day moving average of $50.37. Vanguard Tax-Exempt Bond ETF has a one year low of $47.14 and a one year high of $51.15.

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.