Physician Wealth Solutions Inc. Has $14.08 Million Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Physician Wealth Solutions Inc. raised its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 50.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 279,615 shares of the company’s stock after acquiring an additional 93,249 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up about 6.9% of Physician Wealth Solutions Inc.’s portfolio, making the stock its 5th biggest position. Physician Wealth Solutions Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $14,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in VTEB. Oppenheimer & Co. Inc. lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 55.3% during the first quarter. Oppenheimer & Co. Inc. now owns 8,734 shares of the company’s stock worth $442,000 after purchasing an additional 3,110 shares during the period. Bernardo Wealth Planning LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF in the 1st quarter valued at about $761,000. Facet Wealth Inc. boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 6.1% in the first quarter. Facet Wealth Inc. now owns 394,810 shares of the company’s stock worth $19,784,000 after buying an additional 22,803 shares during the last quarter. Smithfield Trust Co grew its holdings in Vanguard Tax-Exempt Bond ETF by 35.9% during the first quarter. Smithfield Trust Co now owns 250,670 shares of the company’s stock worth $12,683,000 after acquiring an additional 66,264 shares during the period. Finally, TCI Wealth Advisors Inc. purchased a new position in Vanguard Tax-Exempt Bond ETF during the first quarter valued at approximately $370,000.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA:VTEB traded up $0.34 during trading hours on Friday, hitting $50.42. 3,366,536 shares of the stock were exchanged, compared to its average volume of 4,016,341. The firm’s fifty day moving average price is $50.73 and its 200 day moving average price is $50.43. Vanguard Tax-Exempt Bond ETF has a 52-week low of $48.44 and a 52-week high of $51.17.

About Vanguard Tax-Exempt Bond ETF

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.