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

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $48.86 and last traded at $48.88, with a volume of 9424388 shares. The stock had previously closed at $48.95.

Vanguard Tax-Exempt Bond ETF Price Performance

The business has a 50 day simple moving average of $49.89 and a two-hundred day simple moving average of $50.16.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. MLG Wealth Management DBA Pine Grove Financial Group increased its stake in Vanguard Tax-Exempt Bond ETF by 12.0% during the 2nd quarter. MLG Wealth Management DBA Pine Grove Financial Group now owns 171,573 shares of the company’s stock valued at $8,678,000 after purchasing an additional 18,429 shares in the last quarter. Range Advisory LLC grew its position in Vanguard Tax-Exempt Bond ETF by 75.1% during the second quarter. Range Advisory LLC now owns 18,478 shares of the company’s stock valued at $935,000 after buying an additional 7,926 shares during the period. Corient Private Wealth LP increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 1.2% in the 2nd quarter. Corient Private Wealth LP now owns 4,537,521 shares of the company’s stock valued at $229,508,000 after purchasing an additional 54,932 shares in the last quarter. Advus Financial Partners LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 71.1% in the second quarter. Advus Financial Partners LLC now owns 28,889 shares of the company’s stock valued at $1,461,000 after buying an additional 12,006 shares in the last quarter. Finally, Kirkwood Financial Services acquired a new position in Vanguard Tax-Exempt Bond ETF during the second quarter worth $363,000.

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.