M&T Bank Corp Increases Holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

M&T Bank Corp raised its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 57.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 840,541 shares of the company’s stock after buying an additional 305,087 shares during the quarter. M&T Bank Corp owned approximately 0.15% of Vanguard Tax-Exempt Bond ETF worth $42,910,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Stone Point Wealth LLC grew its position in Vanguard Tax-Exempt Bond ETF by 2.4% in the fourth quarter. Stone Point Wealth LLC now owns 30,390 shares of the company’s stock worth $1,551,000 after acquiring an additional 723 shares during the period. Boyd Wealth Management LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 6.4% during the 4th quarter. Boyd Wealth Management LLC now owns 34,028 shares of the company’s stock worth $1,737,000 after purchasing an additional 2,049 shares during the last quarter. Mariner LLC raised its holdings in Vanguard Tax-Exempt Bond ETF by 5.5% in the 3rd quarter. Mariner LLC now owns 2,597,673 shares of the company’s stock valued at $124,948,000 after buying an additional 135,766 shares during the period. Chicago Partners Investment Group LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 4.4% in the third quarter. Chicago Partners Investment Group LLC now owns 48,712 shares of the company’s stock valued at $2,312,000 after buying an additional 2,063 shares during the last quarter. Finally, Gradient Investments LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 270.3% during the third quarter. Gradient Investments LLC now owns 3,662 shares of the company’s stock worth $176,000 after buying an additional 2,673 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of VTEB traded up $0.19 during trading on Friday, reaching $50.04. 4,809,487 shares of the company traded hands, compared to its average volume of 4,163,537. The stock has a 50-day simple moving average of $50.31 and a 200-day simple moving average of $50.05. Vanguard Tax-Exempt Bond ETF has a twelve month low of $47.14 and a twelve month 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.