Kings Path Partners LLC Cuts Stock Holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Kings Path Partners LLC reduced its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,947 shares of the company’s stock after selling 572 shares during the period. Vanguard Tax-Exempt Bond ETF comprises approximately 0.7% of Kings Path Partners LLC’s holdings, making the stock its 24th largest position. Kings Path Partners LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,652,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock worth $1,613,332,000 after purchasing an additional 1,003,475 shares during the last quarter. Creative Planning raised its position in Vanguard Tax-Exempt Bond ETF by 3.2% in the 2nd quarter. Creative Planning now owns 25,601,034 shares of the company’s stock worth $1,282,868,000 after buying an additional 796,659 shares during the last quarter. Raymond James & Associates lifted its stake in Vanguard Tax-Exempt Bond ETF by 0.4% during the 3rd quarter. Raymond James & Associates now owns 17,969,381 shares of the company’s stock valued at $918,595,000 after acquiring an additional 75,969 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 5.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 9,372,788 shares of the company’s stock valued at $469,670,000 after acquiring an additional 502,858 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 12.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 5,639,228 shares of the company’s stock worth $281,488,000 after acquiring an additional 640,552 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of VTEB remained flat at $50.19 during mid-day trading on Monday. 2,827,377 shares of the stock traded hands, compared to its average volume of 3,277,916. The business has a 50-day moving average price of $50.47 and a 200-day moving average price of $50.58. Vanguard Tax-Exempt Bond ETF has a 1 year low of $49.54 and a 1 year high of $51.17.

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.