Brand Asset Management Group Inc. Purchases 677 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Brand Asset Management Group Inc. boosted its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 8.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 8,697 shares of the company’s stock after acquiring an additional 677 shares during the quarter. Brand Asset Management Group Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $436,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zhang Financial LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 36.8% during the 2nd quarter. Zhang Financial LLC now owns 13,410 shares of the company’s stock worth $672,000 after purchasing an additional 3,610 shares in the last quarter. Central Bank & Trust Co. increased its holdings in Vanguard Tax-Exempt Bond ETF by 49,633.3% during the 2nd quarter. Central Bank & Trust Co. now owns 1,492 shares of the company’s stock worth $75,000 after purchasing an additional 1,489 shares in the last quarter. Western Wealth Management LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 46.2% during the 2nd quarter. Western Wealth Management LLC now owns 12,810 shares of the company’s stock worth $642,000 after purchasing an additional 4,051 shares in the last quarter. Chesley Taft & Associates LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 21.7% during the 2nd quarter. Chesley Taft & Associates LLC now owns 73,805 shares of the company’s stock worth $3,698,000 after purchasing an additional 13,175 shares in the last quarter. Finally, Williams Financial LLC bought a new stake in Vanguard Tax-Exempt Bond ETF during the 2nd quarter worth approximately $441,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB traded up $0.02 during midday trading on Monday, reaching $50.70. 3,427,485 shares of the company were exchanged, compared to its average volume of 4,090,447. The company’s fifty day moving average price is $50.41 and its 200 day moving average price is $50.33. 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 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.