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

Merit Financial Group LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 135,552 shares of the company’s stock after buying an additional 10,181 shares during the period. Merit Financial Group LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $6,795,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Merkkuri Wealth Advisors LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 1.8% in the third quarter. Merkkuri Wealth Advisors LLC now owns 11,451 shares of the company’s stock valued at $585,000 after buying an additional 202 shares in the last quarter. Cypress Wealth Services LLC grew its stake in Vanguard Tax-Exempt Bond ETF by 0.7% in the 4th quarter. Cypress Wealth Services LLC now owns 31,684 shares of the company’s stock valued at $1,588,000 after acquiring an additional 223 shares during the last quarter. Magnus Financial Group LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 2.0% during the 3rd quarter. Magnus Financial Group LLC now owns 11,979 shares of the company’s stock valued at $612,000 after acquiring an additional 234 shares in the last quarter. Beta Wealth Group Inc. raised its position in Vanguard Tax-Exempt Bond ETF by 0.6% during the third quarter. Beta Wealth Group Inc. now owns 39,237 shares of the company’s stock worth $2,006,000 after acquiring an additional 234 shares during the last quarter. Finally, Columbus Macro LLC grew its position in shares of Vanguard Tax-Exempt Bond ETF by 0.9% in the third quarter. Columbus Macro LLC now owns 26,803 shares of the company’s stock valued at $1,359,000 after purchasing an additional 237 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of VTEB opened at $49.94 on Friday. Vanguard Tax-Exempt Bond ETF has a 1-year low of $49.49 and a 1-year high of $51.17. The firm has a 50 day simple moving average of $50.38 and a 200-day simple moving average of $50.56.

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.