Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Hits New 1-Year Low – Here’s What Happened

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) hit a new 52-week low during mid-day trading on Monday. The company traded as low as $47.13 and last traded at $47.1050, with a volume of 1701792 shares traded. The stock had previously closed at $47.48.

Vanguard Tax-Exempt Bond ETF Trading Down 0.9%

The business has a 50 day simple moving average of $49.19 and a two-hundred day simple moving average of $49.86.

Institutional Investors Weigh In On Vanguard Tax-Exempt Bond ETF

Several hedge funds have recently modified their holdings of VTEB. JPMorgan Chase & Co. increased its position in Vanguard Tax-Exempt Bond ETF by 5.5% during the 4th 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 boosted its holdings in 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 valued at $1,242,947,000 after purchasing an additional 760,249 shares during the last quarter. Sei Investments Co. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 4.9% during the first quarter. Sei Investments Co. now owns 14,164,689 shares of the company’s stock worth $706,677,000 after buying an additional 659,339 shares in the last quarter. Bank of America Corp DE grew its holdings in Vanguard Tax-Exempt Bond ETF by 4.9% during the 1st quarter. Bank of America Corp DE now owns 12,650,375 shares of the company’s stock worth $631,127,000 after acquiring an additional 594,110 shares in the last quarter. Finally, LPL Financial LLC grew its stake in Vanguard Tax-Exempt Bond ETF by 21.8% in 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 in the last quarter.

Vanguard Tax-Exempt Bond ETF Company 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.