Gpwm LLC Increases Its Position in Vanguard Tax-Exempt Bond ETF as Its Top Holding

Gpwm LLC, an investment firm, has reinforced its position in Vanguard Tax-Exempt Bond ETF (VTEB), with a reported 1.4% increase in share ownership during the third quarter, as per their latest Form 13F filing with the SEC. This additional stake involved the purchase of an extra 4,179 shares, raising the total owned shares to 310,436. Consequently, Vanguard Tax-Exempt Bond ETF now represents about 12.8% of Gpwm LLC's investment portfolio, positioning it as their largest asset with an approximate value of $14,932,000 by the end of the reporting period. Notably, Gpwm LLC holds about 0.06% of the entire Vanguard Tax-Exempt Bond ETF.

Other institutional investors have also seen movements in their Vanguard Tax-Exempt Bond ETF holdings. For instance, Crewe Advisors LLC initiated a new stake in the ETF in the first quarter, estimated at around $31,000. VisionPoint Advisory Group LLC started a new position in the second quarter, worth approximately $41,000. Moreover, the holdings of Ronald Blue Trust Inc. surged by 272.4% in the second quarter, amassing a total of 823 shares valued at $42,000 after an additional acquisition of 602 shares. Hexagon Capital Partners LLC increased their investment by 152.9%, now owning 860 shares valued at $43,000 after buying an additional 520 shares. Furthermore, Salem Investment Counselors Inc. doubled their stake with a 107.3% uptick in the fourth quarter, holding 1,219 shares with a value of $60,000 after purchasing an additional 631 shares.

Vanguard Tax-Exempt Bond ETF Price Performance

The ETF's shares saw a slight downward adjustment of $0.08 during midday trade on Monday, settling at $50.84. A total of 430,473 shares changed hands, a figure less than the average volume of 4,983,164 shares. The 50-day moving average price is at $48.83, while the 200-day moving average is $49.31. Vanguard Tax-Exempt Bond ETF has fluctuated between a 12-month low of $47.14 and a high of $51.11.

Vanguard Tax-Exempt Bond ETF Company Profile

The Vanguard Tax-Exempt Bond ETF primarily invests in investment-grade fixed income securities. The fund follows an index that is market-weighted consisting of debt issued by various state and local governments and their agencies within the United States. The ETF offers the benefit of interest that is exempt from US federal income tax and the Alternative Minimum Tax (AMT). Since its inception on August 21, 2015, the fund has been managed by Vanguard, one of the prominent players in the ETF market.

Gpwm, Vanguard, VTEB