Mayflower Financial Advisors LLC has significantly increased its investment in the Vanguard Tax-Exempt Bond ETF (NYSEARCA: VTEB) by 29.5% during the third quarter of 2023. According to the firm’s latest 13F filing with the SEC, the company now holds 232,426 shares in the ETF after acquiring an additional 52,965 shares during this period. The Vanguard Tax-Exempt Bond ETF represents approximately 1.1% of Mayflower’s overall portfolio, making it the 13th largest position within their investments.
As of the end of the most recent reporting period, Mayflower Financial Advisors’ holdings in the Vanguard ETF were valued at approximately $11,638,000. This notable increase highlights the growing interest in tax-exempt investment vehicles amid shifting market conditions.
Several other large investors have also adjusted their positions in the Vanguard ETF. For instance, Lowe Wealth Advisors LLC established a new stake worth $29,000 in the third quarter. Wolff Wiese Magana LLC increased its holdings by 56.8% in the second quarter, now owning 596 shares valued at about $29,000 following an acquisition of 216 additional shares.
Sound Income Strategies LLC demonstrated an impressive growth rate by raising its holdings in the ETF by 1,500.0% during the third quarter. The firm now possesses 832 shares valued at roughly $42,000, following the purchase of 780 shares in the last quarter. Avalon Trust Co and Clear Investment Research LLC also made new investments in the ETF during the second quarter, valued at approximately $49,000 and $50,000, respectively.
Performance of Vanguard Tax-Exempt Bond ETF
On Friday, shares of the Vanguard Tax-Exempt Bond ETF opened at $50.22. The stock’s performance over the past months shows a 50-day moving average of $50.36 and a 200-day moving average of $49.64. Over the past year, the ETF has fluctuated between a low of $47.02 and a high of $50.68.
The Vanguard Tax-Exempt Bond ETF primarily invests in investment-grade fixed income securities. It tracks a market-weighted index of debt issued by state and local governments and agencies, with interest income exempt from US income tax and alternative minimum tax (AMT). Launched on August 21, 2015, this fund is managed by Vanguard, a well-known player in the investment management space.
Investors interested in tracking the ETF’s performance can find additional information, including the latest 13F filings and insider trades, through various financial platforms.
