Vanguard Tax-Exempt Bond ETF $VTEB Shares Sold by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC lowered its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 9.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 97,593 shares of the company’s stock after selling 10,093 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $4,908,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in VTEB. JPL Wealth Management LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the third quarter worth approximately $25,000. Fairway Wealth LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the third quarter worth approximately $28,000. United Financial Planning Group LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the third quarter worth approximately $29,000. Measured Wealth Private Client Group LLC bought a new position in Vanguard Tax-Exempt Bond ETF during the third quarter worth $37,000. Finally, Bogart Wealth LLC lifted its stake in Vanguard Tax-Exempt Bond ETF by 41.9% during the third quarter. Bogart Wealth LLC now owns 945 shares of the company’s stock worth $47,000 after purchasing an additional 279 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB opened at $50.17 on Monday. The business’s fifty day moving average price is $50.33 and its 200 day moving average price is $50.41. Vanguard Tax-Exempt Bond ETF has a 12-month low of $48.46 and a 12-month 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.