GeoWealth Management LLC has decreased its investment in the Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 6.4% during the second quarter of this year. According to a report from HoldingsChannel.com, the firm sold 109,908 shares and now holds 1,594,827 shares of the ETF. This adjustment means that the Vanguard Tax-Exempt Bond ETF constitutes approximately 3.1% of GeoWealth’s total holdings, positioning it as their seventh largest investment.
At the end of the most recent reporting period, GeoWealth Management’s stake in the Vanguard Tax-Exempt Bond ETF was valued at around $78.19 million. This change reflects the firm’s ongoing strategy to optimize its investment portfolio.
A number of other prominent investors have also made significant adjustments to their positions in the Vanguard Tax-Exempt Bond ETF. Notably, JPMorgan Chase & Co. increased its stake by an impressive 39.8% during the same quarter. The financial giant now owns 108,048,493 shares valued at approximately $5.30 billion after purchasing an additional 30,774,028 shares.
Other firms have followed suit with varying increases. Northwestern Mutual Wealth Management Co. raised its position by 1.9%, now holding 35,166,659 shares worth $1.72 billion. Similarly, Creative Planning grew its holdings by 2.7%, bringing its total to 26,851,781 shares valued at $1.32 billion.
Additionally, Raymond James Financial Inc. increased its stake by 4.4%, now owning 21,689,998 shares valued at about $1.08 billion. Finally, TIAA Trust National Association also raised its position by 1.7%, resulting in ownership of 12,455,750 shares worth roughly $610.70 million.
Current Performance of Vanguard Tax-Exempt Bond ETF
As of the latest trading session, shares of the Vanguard Tax-Exempt Bond ETF opened at $50.21. The ETF has seen a price fluctuation over the past year, with a low of $47.02 and a peak of $51.09. Its 50-day moving average stands at $50.34, while the 200-day moving average is at $49.47.
The Vanguard Tax-Exempt Bond ETF, launched on August 21, 2015, primarily invests in investment-grade fixed income. It tracks a market-weighted index of investment-grade debt issued by state and local governments and agencies, with the added benefit of tax exemption from US income tax and the alternative minimum tax (AMT).
Investors interested in tracking changes in holdings for the Vanguard Tax-Exempt Bond ETF can refer to resources like HoldingsChannel.com, which provides up-to-date 13F filings and insider trades related to the ETF.
In summary, the recent adjustments by GeoWealth Management and other institutional investors indicate a dynamic landscape for the Vanguard Tax-Exempt Bond ETF, reflecting broader trends in investment strategies within the fixed-income market.
