Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Sees Unusually-High Trading Volume – Here’s Why

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) shares saw strong trading volume on Wednesday . Approximately 24,388,890 shares were traded during trading, an increase of 190% from the previous session’s volume of 8,416,829 shares.The stock last traded at $48.2250 and had previously closed at $48.22.

Vanguard Tax-Exempt Bond ETF Price Performance

The company’s 50-day moving average price is $49.54 and its two-hundred day moving average price is $50.01.

Institutional Trading of Vanguard Tax-Exempt Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of VTEB. JPMorgan Chase & Co. boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 5.5% during the fourth quarter. JPMorgan Chase & Co. now owns 104,551,572 shares of the company’s stock worth $5,257,899,000 after buying an additional 5,461,346 shares during the period. Corient Private Wealth LLC grew its holdings in Vanguard Tax-Exempt Bond ETF by 131.5% in the 4th quarter. Corient Private Wealth LLC now owns 4,111,685 shares of the company’s stock worth $206,775,000 after buying an additional 2,335,633 shares in the last quarter. Align Financial LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at approximately $96,611,000. LPL Financial LLC increased its position in Vanguard Tax-Exempt Bond ETF by 21.8% in the 4th quarter. LPL Financial LLC now owns 9,135,043 shares of the company’s stock valued at $459,401,000 after acquiring an additional 1,637,385 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Vanguard Tax-Exempt Bond ETF by 2.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 36,651,506 shares of the company’s stock valued at $1,843,204,000 after acquiring an additional 903,850 shares in the last quarter.

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.