Stonebridge Financial Group LLC Sells 45,662 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Stonebridge Financial Group LLC lessened its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 15.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 247,197 shares of the company’s stock after selling 45,662 shares during the quarter. Stonebridge Financial Group LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $11,707,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in VTEB. JPMorgan Chase & Co. lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 5.5% during the fourth quarter. JPMorgan Chase & Co. now owns 104,551,572 shares of the company’s stock worth $5,257,899,000 after purchasing an additional 5,461,346 shares in the last quarter. Wealthfront Advisers LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 3.1% in the first quarter. Wealthfront Advisers LLC now owns 24,913,759 shares of the company’s stock worth $1,242,947,000 after buying an additional 760,249 shares during the last quarter. Sei Investments Co. increased its position in shares of Vanguard Tax-Exempt Bond ETF by 4.9% in the 1st quarter. Sei Investments Co. now owns 14,164,689 shares of the company’s stock worth $706,677,000 after purchasing an additional 659,339 shares during the last quarter. Bank of America Corp DE raised its stake in Vanguard Tax-Exempt Bond ETF by 4.9% during the first quarter. Bank of America Corp DE now owns 12,650,375 shares of the company’s stock valued at $631,127,000 after buying an additional 594,110 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in Vanguard Tax-Exempt Bond ETF by 21.8% during the fourth quarter. LPL Financial LLC now owns 9,135,043 shares of the company’s stock worth $459,401,000 after purchasing an additional 1,637,385 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Up 0.2%

Shares of NYSEARCA VTEB traded up $0.11 during midday trading on Thursday, hitting $47.47. The company’s stock had a trading volume of 38,062,631 shares, compared to its average volume of 9,927,471. The firm’s fifty day moving average price is $49.02 and its 200-day moving average price is $49.79. Vanguard Tax-Exempt Bond ETF has a 1-year low of $46.89 and a 1-year high of $51.18.

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.