Texas Capital Bank Wealth Management Services Inc Boosts Stock Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Texas Capital Bank Wealth Management Services Inc increased its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 173,426 shares of the company’s stock after purchasing an additional 5,507 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises about 0.9% of Texas Capital Bank Wealth Management Services Inc’s holdings, making the stock its 23rd largest position. Texas Capital Bank Wealth Management Services Inc’s holdings in Vanguard Tax-Exempt Bond ETF were worth $8,690,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Naples Money Management LLC bought a new position in Vanguard Tax-Exempt Bond ETF in the 1st quarter worth about $34,000. Verus Capital Partners LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the second quarter worth about $36,000. Trust Co. of Vermont purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter worth about $37,000. Abich Financial Wealth Management LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF in the second quarter valued at approximately $41,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in Vanguard Tax-Exempt Bond ETF during the fourth quarter valued at approximately $47,000.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA:VTEB opened at $51.15 on Friday. The firm has a fifty day moving average price of $50.76 and a two-hundred day moving average price of $50.37. Vanguard Tax-Exempt Bond ETF has a one year low of $47.14 and a one year 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.