First Merchants Corp Sells 40,000 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

First Merchants Corp lowered its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 78.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,095 shares of the company’s stock after selling 40,000 shares during the period. First Merchants Corp’s holdings in Vanguard Tax-Exempt Bond ETF were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Wolff Wiese Magana LLC boosted its holdings in Vanguard Tax-Exempt Bond ETF by 56.8% in the second quarter. Wolff Wiese Magana LLC now owns 596 shares of the company’s stock valued at $29,000 after purchasing an additional 216 shares during the last quarter. Physician Wealth Advisors Inc. raised its position in shares of Vanguard Tax-Exempt Bond ETF by 3.0% in the first quarter. Physician Wealth Advisors Inc. now owns 7,701 shares of the company’s stock worth $382,000 after acquiring an additional 225 shares during the period. SlateStone Wealth LLC raised its position in shares of Vanguard Tax-Exempt Bond ETF by 1.7% in the first quarter. SlateStone Wealth LLC now owns 13,214 shares of the company’s stock worth $656,000 after acquiring an additional 225 shares during the period. Valley Financial Group Inc. raised its position in shares of Vanguard Tax-Exempt Bond ETF by 5.5% in the first quarter. Valley Financial Group Inc. now owns 4,449 shares of the company’s stock worth $221,000 after acquiring an additional 233 shares during the period. Finally, Naples Global Advisors LLC raised its position in shares of Vanguard Tax-Exempt Bond ETF by 0.6% in the second quarter. Naples Global Advisors LLC now owns 38,808 shares of the company’s stock worth $1,903,000 after acquiring an additional 250 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of Vanguard Tax-Exempt Bond ETF stock opened at $50.10 on Friday. The firm has a 50-day simple moving average of $49.46 and a two-hundred day simple moving average of $49.05. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $47.02 and a fifty-two week high of $51.09.

Vanguard Tax-Exempt Bond ETF Company 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.