Verus Financial Partners Inc. cut its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB – Free Report) by 30.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,517 shares of the company’s stock after selling 80,112 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up approximately 0.9% of Verus Financial Partners Inc.’s investment portfolio, making the stock its 16th largest holding. Verus Financial Partners Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $8,934,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of VTEB. Millennium Management LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 75.8% in the fourth quarter. Millennium Management LLC now owns 9,572 shares of the company’s stock valued at $480,000 after acquiring an additional 4,128 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF in the first quarter valued at about $29,364,000. Naples Global Advisors LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 2.1% in the first quarter. Naples Global Advisors LLC now owns 38,558 shares of the company’s stock valued at $1,913,000 after acquiring an additional 800 shares in the last quarter. Chesley Taft & Associates LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 5.7% in the first quarter. Chesley Taft & Associates LLC now owns 108,005 shares of the company’s stock valued at $5,359,000 after acquiring an additional 5,850 shares in the last quarter. Finally, Charles Schwab Trust Co acquired a new position in shares of Vanguard Tax-Exempt Bond ETF in the first quarter valued at about $958,000.
Vanguard Tax-Exempt Bond ETF Stock Performance
VTEB stock opened at $49.99 on Friday. The company’s 50-day simple moving average is $49.31 and its 200 day simple moving average is $49.04. Vanguard Tax-Exempt Bond ETF has a 52 week low of $47.02 and a 52 week high of $51.11.
Vanguard Tax-Exempt Bond ETF 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.
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