Vanguard Tax-Exempt Bond ETF $VTEB Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. cut its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 17.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 320,227 shares of the company’s stock after selling 69,337 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $15,701,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VTEB. Facet Wealth Inc. boosted its holdings in Vanguard Tax-Exempt Bond ETF by 314.4% in the first quarter. Facet Wealth Inc. now owns 2,295,943 shares of the company’s stock valued at $112,088,000 after purchasing an additional 1,741,949 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Vanguard Tax-Exempt Bond ETF by 4.4% in the first quarter. Raymond James Financial Inc. now owns 21,689,998 shares of the company’s stock valued at $1,076,258,000 after purchasing an additional 912,969 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Vanguard Tax-Exempt Bond ETF by 2.5% in the first 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 in the last quarter. Focus Partners Wealth boosted its holdings in Vanguard Tax-Exempt Bond ETF by 293.6% in the first quarter. Focus Partners Wealth now owns 909,113 shares of the company’s stock valued at $45,110,000 after purchasing an additional 678,116 shares in the last quarter. Finally, Wealthspire Advisors LLC boosted its holdings in Vanguard Tax-Exempt Bond ETF by 94.1% in the first quarter. Wealthspire Advisors LLC now owns 1,368,394 shares of the company’s stock valued at $67,900,000 after purchasing an additional 663,517 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Up 0.0%

Shares of VTEB opened at $50.56 on Wednesday. The stock has a 50 day moving average price of $49.70 and a 200 day moving average price of $49.10. Vanguard Tax-Exempt Bond ETF has a 52-week low of $47.02 and a 52-week high of $51.09.

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.