Vanguard Tax-Exempt Bond ETF $VTEB Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. trimmed its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 287,579 shares of the company’s stock after selling 4,520 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up 0.8% of Foster & Motley Inc.’s portfolio, making the stock its 22nd biggest holding. Foster & Motley Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $14,100,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. HB Wealth Management LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 51.8% in the 2nd quarter. HB Wealth Management LLC now owns 22,135 shares of the company’s stock valued at $1,085,000 after purchasing an additional 7,552 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the second quarter worth about $211,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF in the first quarter valued at approximately $222,000. Vanguard Group Inc. raised its position in shares of Vanguard Tax-Exempt Bond ETF by 7.7% in the first quarter. Vanguard Group Inc. now owns 3,770,215 shares of the company’s stock valued at $187,078,000 after buying an additional 270,058 shares during the last quarter. Finally, AE Wealth Management LLC lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 8.7% during the first quarter. AE Wealth Management LLC now owns 11,149 shares of the company’s stock valued at $553,000 after buying an additional 897 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Up 0.0%

VTEB stock opened at $50.50 on Friday. The company has a 50 day moving average price of $49.64 and a two-hundred day moving average price of $49.09. Vanguard Tax-Exempt Bond ETF has a one year low of $47.02 and a one year high of $51.09.

Vanguard Tax-Exempt Bond ETF 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.