Sand Hill Global Advisors LLC Acquires Shares of 116,329 Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Sand Hill Global Advisors LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 116,329 shares of the company’s stock, valued at approximately $5,939,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter worth $29,000. HM Payson & Co. acquired a new stake in Vanguard Tax-Exempt Bond ETF in the third quarter worth about $32,000. Capital Analysts LLC raised its holdings in Vanguard Tax-Exempt Bond ETF by 138.7% during the 4th quarter. Capital Analysts LLC now owns 647 shares of the company’s stock worth $33,000 after purchasing an additional 376 shares during the last quarter. Headlands Technologies LLC acquired a new position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at about $39,000. Finally, Planned Solutions Inc. bought a new position in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at about $45,000.

Vanguard Tax-Exempt Bond ETF Trading Down 0.3 %

Shares of VTEB traded down $0.14 on Wednesday, reaching $49.91. 4,538,474 shares of the company’s stock were exchanged, compared to its average volume of 4,198,546. The business has a 50 day moving average price of $50.19 and a two-hundred day moving average price of $50.31. Vanguard Tax-Exempt Bond ETF has a 12 month low of $47.14 and a 12 month high of $51.15.

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.