Vanguard Tax-Exempt Bond ETF $VTEB Stock: Forum Financial Management LP Lowers Position

Forum Financial Management LP reduced its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 60.4% during the third quarter, Holdings Channel reports. The institutional investor owned 517,204 shares of the company’s stock after selling 789,590 shares during the period. Vanguard Tax-Exempt Bond ETF comprises 0.3% of Forum Financial Management LP’s holdings, making the stock its 21st biggest position. Forum Financial Management LP’s holdings in Vanguard Tax-Exempt Bond ETF were worth $24,495,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VTEB. Corient Private Wealth LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 131.5% in the fourth quarter. Corient Private Wealth LLC now owns 4,111,685 shares of the company’s stock worth $206,775,000 after buying an additional 2,335,633 shares in the last quarter. Orgel Wealth Management LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 21.4% during the third quarter. Orgel Wealth Management LLC now owns 4,334,288 shares of the company’s stock worth $205,272,000 after acquiring an additional 763,337 shares during the period. Wealthfront Advisers LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 3.1% in the 1st quarter. Wealthfront Advisers LLC now owns 24,913,759 shares of the company’s stock worth $1,242,947,000 after buying an additional 760,249 shares during the period. Sei Investments Co. lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 4.9% in the 1st quarter. Sei Investments Co. now owns 14,164,689 shares of the company’s stock worth $706,677,000 after purchasing an additional 659,339 shares during the period. Finally, Boston Standard Wealth Management LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth $30,567,000.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB stock opened at $48.00 on Friday. Vanguard Tax-Exempt Bond ETF has a one year low of $46.87 and a one year high of $51.18. The firm has a 50-day simple moving average of $48.49 and a two-hundred day simple moving average of $49.58.

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.