Prospect Financial Services LLC Sells 3,690 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Prospect Financial Services LLC lessened its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 19.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 15,186 shares of the company’s stock after selling 3,690 shares during the period. Prospect Financial Services LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $745,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Facet Wealth Inc. grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 314.4% during the 1st quarter. Facet Wealth Inc. now owns 2,295,943 shares of the company’s stock valued at $112,088,000 after acquiring an additional 1,741,949 shares during the period. Raymond James Financial Inc. raised its stake in Vanguard Tax-Exempt Bond ETF by 4.4% during the 1st quarter. Raymond James Financial Inc. now owns 21,689,998 shares of the company’s stock worth $1,076,258,000 after acquiring an additional 912,969 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Vanguard Tax-Exempt Bond ETF by 2.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 34,497,385 shares of the company’s stock valued at $1,711,760,000 after purchasing an additional 857,098 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 293.6% in the first quarter. Focus Partners Wealth now owns 909,113 shares of the company’s stock worth $45,110,000 after purchasing an additional 678,116 shares during the period. Finally, Wealthspire Advisors LLC boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 94.1% in the first quarter. Wealthspire Advisors LLC now owns 1,368,394 shares of the company’s stock worth $67,900,000 after purchasing an additional 663,517 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB stock opened at $50.37 on Friday. Vanguard Tax-Exempt Bond ETF has a one year low of $47.02 and a one year high of $51.09. The company’s fifty day moving average price is $50.22 and its 200-day moving average price is $49.32.

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.