Pinnacle Associates Ltd. Sells 10,884 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Pinnacle Associates Ltd. lowered its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,399 shares of the company’s stock after selling 10,884 shares during the period. Pinnacle Associates Ltd.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $4,948,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in VTEB. Wellington Management Group LLP bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at $347,641,000. Betterment LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 1,261.4% in the 3rd quarter. Betterment LLC now owns 6,573,354 shares of the company’s stock valued at $329,128,000 after buying an additional 6,090,513 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 87.6% in the 2nd quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock valued at $363,056,000 after buying an additional 3,458,654 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Vanguard Tax-Exempt Bond ETF by 49.8% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 9,591,400 shares of the company’s stock valued at $480,241,000 after buying an additional 3,187,040 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 8.5% in the 4th quarter. Wealthfront Advisers LLC now owns 24,153,510 shares of the company’s stock worth $1,214,680,000 after purchasing an additional 1,889,400 shares during the period.

Vanguard Tax-Exempt Bond ETF Trading Down 0.4%

VTEB stock opened at $49.83 on Friday. The stock has a 50-day moving average price of $50.18 and a two-hundred day moving average price of $50.38. Vanguard Tax-Exempt Bond ETF has a 1 year low of $48.46 and a 1 year high of $51.18.

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.