Traynor Capital Management Inc. Sells 5,215 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Traynor Capital Management Inc. lowered its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 53.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,453 shares of the company’s stock after selling 5,215 shares during the quarter. Traynor Capital Management Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in VTEB. Charles Schwab Investment Management Inc. grew its position in Vanguard Tax-Exempt Bond ETF by 3.3% during 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 buying an additional 1,003,475 shares in the last quarter. Creative Planning grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 3.2% during the 2nd quarter. Creative Planning now owns 25,601,034 shares of the company’s stock worth $1,282,868,000 after purchasing an additional 796,659 shares in the last quarter. Raymond James & Associates increased its position in shares of Vanguard Tax-Exempt Bond ETF by 0.4% in the third quarter. Raymond James & Associates now owns 17,969,381 shares of the company’s stock worth $918,595,000 after purchasing an additional 75,969 shares during the period. Franklin Resources Inc. lifted its position in Vanguard Tax-Exempt Bond ETF by 18.2% during the third quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock worth $269,411,000 after purchasing an additional 818,486 shares during the period. Finally, LPL Financial LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 9.5% during the third quarter. LPL Financial LLC now owns 4,990,070 shares of the company’s stock worth $255,092,000 after purchasing an additional 433,676 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB stock opened at $49.93 on Friday. The company’s 50-day moving average price is $50.36 and its two-hundred day moving average price is $50.55. Vanguard Tax-Exempt Bond ETF has a 12 month low of $49.49 and a 12 month 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.