Investment Firms Boost Stakes in Tax-Free Bond Fund

In the investment world, some big players have been busy buying more shares of the Vanguard Tax-Exempt Bond ETF, known as VTEB. Dakota Wealth Management increased their holdings by 5. 7% in the second quarter, adding 338 more shares to their portfolio. This move brought their total investment in VTEB to a value of $307, 000. Other major investors have also been active. Sowell Financial Services jumped into the game, buying a new position worth $211, 000 in the same quarter. Millennium Management boosted their stake by a whopping 75. 8% in the fourth quarter, now owning shares valued at $480, 000. Kingswood Wealth Advisors and AE Wealth Management also got in on the action, purchasing new positions worth $222, 000 and $553, 000, respectively.The Vanguard Tax-Exempt Bond ETF is a popular choice for investors looking for tax-free income. It invests in high-quality bonds issued by state and local governments. The fund started in 2015 and is managed by Vanguard. Recently, the stock price of VTEB took a small dip, opening at $49. 98 on Monday. Over the past year, it has seen a low of $47. 02 and a high of $51. 17. The fund's average price over the last 50 and 200 days is around $49. 19 and $49. 03, respectively. Investors often look to funds like VTEB for steady, tax-free returns. However, it's important to remember that all investments come with some level of risk. The recent activity from major players shows confidence in the fund, but it's always wise to do your own research before making investment decisions.