Schmidt P J Investment Management Inc. Sells 1,599 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Schmidt P J Investment Management Inc. trimmed its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,579 shares of the company’s stock after selling 1,599 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $4,539,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in VTEB. Northwestern Mutual Wealth Management Co. boosted its position 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 buying an additional 857,098 shares in the last quarter. Raymond James Financial Inc. boosted its position 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 buying an additional 912,969 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Vanguard Tax-Exempt Bond ETF by 4.3% in the second quarter. Envestnet Asset Management Inc. now owns 8,963,105 shares of the company’s stock valued at $439,461,000 after buying an additional 368,696 shares in the last quarter. LPL Financial LLC boosted its position in Vanguard Tax-Exempt Bond ETF by 10.1% in the first quarter. LPL Financial LLC now owns 5,957,028 shares of the company’s stock valued at $295,588,000 after buying an additional 545,244 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC boosted its position in Vanguard Tax-Exempt Bond ETF by 9.0% in the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 5,046,259 shares of the company’s stock valued at $247,418,000 after buying an additional 415,704 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of Vanguard Tax-Exempt Bond ETF stock opened at $50.57 on Monday. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $47.02 and a fifty-two week high of $51.09. The company’s 50 day moving average price is $49.80 and its two-hundred day moving average price is $49.14.

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.