Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Hits New 12-Month Low – Should You Sell?

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $48.86 and last traded at $48.88, with a volume of 9424388 shares. The stock had previously closed at $48.95.

Vanguard Tax-Exempt Bond ETF Price Performance

The business has a 50 day simple moving average of $49.89 and a 200-day simple moving average of $50.16.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in VTEB. Rothschild Investment LLC increased its stake in Vanguard Tax-Exempt Bond ETF by 653.8% in the 4th quarter. Rothschild Investment LLC now owns 490 shares of the company’s stock worth $25,000 after acquiring an additional 425 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF in the third quarter worth about $25,000. Nepc LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter worth about $34,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth approximately $37,000. Finally, Arlington Trust Co LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF during the 2nd quarter valued at about $38,000.

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.