Vanguard Tax-Exempt Bond ETF $VTEB Shares Sold by Kestra Investment Management LLC

Kestra Investment Management LLC trimmed its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 7.8% in the fourth quarter, Holdings Channel reports. The firm owned 793,054 shares of the company’s stock after selling 66,918 shares during the period. Vanguard Tax-Exempt Bond ETF comprises 1.0% of Kestra Investment Management LLC’s investment portfolio, making the stock its 29th largest holding. Kestra Investment Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $39,883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New York Life Investment Management LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 15.1% during the third quarter. New York Life Investment Management LLC now owns 856,096 shares of the company’s stock worth $42,865,000 after buying an additional 112,023 shares during the period. Chesley Taft & Associates LLC boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 18.4% during the fourth quarter. Chesley Taft & Associates LLC now owns 150,812 shares of the company’s stock worth $7,584,000 after buying an additional 23,425 shares during the period. Compound Planning Inc. grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 16.2% in the third quarter. Compound Planning Inc. now owns 333,192 shares of the company’s stock valued at $16,683,000 after buying an additional 46,505 shares in the last quarter. Bear Mountain Capital Inc. grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 418.3% in the fourth quarter. Bear Mountain Capital Inc. now owns 102,548 shares of the company’s stock valued at $5,190,000 after buying an additional 82,764 shares in the last quarter. Finally, Betterment LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 1,261.4% in the third quarter. Betterment LLC now owns 6,573,354 shares of the company’s stock valued at $329,128,000 after buying an additional 6,090,513 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA VTEB opened at $49.88 on Tuesday. Vanguard Tax-Exempt Bond ETF has a twelve month low of $48.46 and a twelve month high of $51.18. The stock has a fifty day simple moving average of $50.11 and a 200-day simple moving average of $50.35.

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.