Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Hits New 1-Year Low – Here’s What Happened

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $48.83 and last traded at $48.87, with a volume of 11962704 shares traded. The stock had previously closed at $48.88.

Vanguard Tax-Exempt Bond ETF Stock Down 0.0%

The firm has a 50 day moving average price of $49.75 and a 200 day moving average price of $50.10.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VTEB. Rothschild Investment LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 653.8% during the 4th quarter. Rothschild Investment LLC now owns 490 shares of the company’s stock valued at $25,000 after acquiring an additional 425 shares during the period. JPL Wealth Management LLC purchased a new position in Vanguard Tax-Exempt Bond ETF during the third quarter valued at approximately $25,000. Nepc LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter worth approximately $34,000. Measured Wealth Private Client Group LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF in the third quarter worth approximately $37,000. Finally, Arlington Trust Co LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the second quarter worth $38,000.

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.