Pinnacle Bancorp Inc. Has $2.04 Million Stock Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Pinnacle Bancorp Inc. grew its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 23.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,704 shares of the company’s stock after acquiring an additional 7,808 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $2,040,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of VTEB. Charles Schwab Investment Management Inc. boosted its stake in Vanguard Tax-Exempt Bond ETF by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock valued at $1,613,332,000 after purchasing an additional 1,003,475 shares during the last quarter. Creative Planning boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 3.2% during the second quarter. Creative Planning now owns 25,601,034 shares of the company’s stock valued at $1,282,868,000 after buying an additional 796,659 shares during the last quarter. Raymond James & Associates grew its holdings in Vanguard Tax-Exempt Bond ETF by 0.4% during the third quarter. Raymond James & Associates now owns 17,969,381 shares of the company’s stock worth $918,595,000 after buying an additional 75,969 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in Vanguard Tax-Exempt Bond ETF by 12.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,639,228 shares of the company’s stock valued at $281,488,000 after buying an additional 640,552 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Vanguard Tax-Exempt Bond ETF by 18.2% during the 3rd quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock valued at $269,411,000 after acquiring an additional 818,486 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Up 0.5 %

NYSEARCA VTEB opened at $49.79 on Thursday. The company has a fifty day moving average price of $50.40 and a 200-day moving average price of $50.56. Vanguard Tax-Exempt Bond ETF has a 1 year low of $49.49 and a 1 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.