Verus Wealth Management LLC lessened its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB – Free Report) by 24.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 47,250 shares of the company’s stock after selling 15,395 shares during the period. Vanguard Tax-Exempt Bond ETF comprises about 2.3% of Verus Wealth Management LLC’s investment portfolio, making the stock its 13th largest position. Verus Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $2,317,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in VTEB. Northwestern Mutual Wealth Management Co. increased its position in Vanguard Tax-Exempt Bond ETF by 2.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 34,497,385 shares of the company’s stock valued at $1,711,760,000 after purchasing an additional 857,098 shares during the period. Raymond James Financial Inc. lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 4.4% in the 1st quarter. Raymond James Financial Inc. now owns 21,689,998 shares of the company’s stock worth $1,076,258,000 after purchasing an additional 912,969 shares during the period. LPL Financial LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 10.1% in the 1st quarter. LPL Financial LLC now owns 5,957,028 shares of the company’s stock valued at $295,588,000 after purchasing an additional 545,244 shares during the last quarter. Aspiriant LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 1.3% during the first quarter. Aspiriant LLC now owns 5,235,595 shares of the company’s stock worth $259,790,000 after buying an additional 65,231 shares during the period. Finally, Cliftonlarsonallen Wealth Advisors LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 9.0% during the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 5,046,259 shares of the company’s stock worth $247,418,000 after buying an additional 415,704 shares during the period.
Vanguard Tax-Exempt Bond ETF Stock Performance
VTEB stock opened at $49.98 on Friday. Vanguard Tax-Exempt Bond ETF has a 12-month low of $47.02 and a 12-month high of $51.09. The company’s fifty day simple moving average is $49.34 and its 200 day simple moving average is $49.04.
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.
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Want to see what other hedge funds are holding VTEB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB – Free Report).
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