Bear Mountain Capital Inc. Boosts Stock Position in Vanguard Tax-Exempt Bond ETF $VTEB

Bear Mountain Capital Inc. grew its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 418.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,548 shares of the company’s stock after buying an additional 82,764 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for 1.7% of Bear Mountain Capital Inc.’s investment portfolio, making the stock its 14th largest position. Bear Mountain Capital Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $5,190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VTEB. Wellington Management Group LLP purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the third quarter valued at approximately $347,641,000. Betterment LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 1,261.4% in the third quarter. Betterment LLC now owns 6,573,354 shares of the company’s stock valued at $329,128,000 after acquiring an additional 6,090,513 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 87.6% in the second quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock valued at $363,056,000 after acquiring an additional 3,458,654 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 49.8% in the third quarter. Mercer Global Advisors Inc. ADV now owns 9,591,400 shares of the company’s stock valued at $480,241,000 after acquiring an additional 3,187,040 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 30.6% in the second quarter. Sei Investments Co. now owns 13,204,759 shares of the company’s stock valued at $647,430,000 after acquiring an additional 3,094,388 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA VTEB opened at $50.13 on Thursday. The stock’s 50 day simple moving average is $50.43 and its 200-day simple moving average is $50.37. Vanguard Tax-Exempt Bond ETF has a 1-year low of $47.02 and a 1-year high of $51.18.

Vanguard Tax-Exempt Bond ETF Company 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.