Verus Wealth Management LLC Reduces Holdings in Vanguard Tax-Exempt Bond ETF $VTEB

Verus Wealth Management LLC cut its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 12.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,555 shares of the company’s stock after selling 13,165 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up approximately 4.3% of Verus Wealth Management LLC’s investment portfolio, making the stock its 5th largest holding. Verus Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $4,667,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of VTEB. Jane Street Group LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 1,498.4% in the first quarter. Jane Street Group LLC now owns 187,400 shares of the company’s stock valued at $9,299,000 after acquiring an additional 175,676 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 510.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,576 shares of the company’s stock valued at $175,000 after purchasing an additional 2,990 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 79.0% in the 2nd quarter. First Trust Advisors LP now owns 11,052 shares of the company’s stock worth $542,000 after purchasing an additional 4,878 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 2nd quarter worth $1,001,000. Finally, Main Street Financial Solutions LLC grew its stake in Vanguard Tax-Exempt Bond ETF by 2.9% during the 2nd quarter. Main Street Financial Solutions LLC now owns 47,957 shares of the company’s stock worth $2,351,000 after buying an additional 1,364 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Down 0.1%

Shares of NYSEARCA:VTEB opened at $50.58 on Wednesday. The business’s 50-day moving average is $50.27 and its 200 day moving average is $50.36. Vanguard Tax-Exempt Bond ETF has a 1 year low of $48.46 and a 1 year high of $51.18.

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.