Sagespring Wealth Partners LLC Has $13.51 Million Stake in Vanguard Tax-Exempt Bond ETF $VTEB

Sagespring Wealth Partners LLC trimmed its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 20.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 275,544 shares of the company’s stock after selling 71,098 shares during the period. Sagespring Wealth Partners LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $13,510,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Baker Boyer National Bank increased its stake in Vanguard Tax-Exempt Bond ETF by 7.8% in the second quarter. Baker Boyer National Bank now owns 1,251,508 shares of the company’s stock valued at $61,361,000 after acquiring an additional 90,882 shares during the last quarter. Jordan Park Trust Co LLC bought a new position in Vanguard Tax-Exempt Bond ETF in the second quarter valued at approximately $559,000. Axxcess Wealth Management LLC increased its stake in Vanguard Tax-Exempt Bond ETF by 1.3% in the second quarter. Axxcess Wealth Management LLC now owns 76,718 shares of the company’s stock valued at $3,761,000 after acquiring an additional 959 shares during the last quarter. Elmwood Wealth Management Inc. increased its stake in Vanguard Tax-Exempt Bond ETF by 1.8% in the second quarter. Elmwood Wealth Management Inc. now owns 63,805 shares of the company’s stock valued at $3,128,000 after acquiring an additional 1,115 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Vanguard Tax-Exempt Bond ETF by 1.1% in the second quarter. Sequoia Financial Advisors LLC now owns 1,628,647 shares of the company’s stock valued at $79,853,000 after acquiring an additional 17,085 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA:VTEB opened at $50.31 on Tuesday. The company’s 50 day simple moving average is $49.51 and its 200 day simple moving average is $49.06. Vanguard Tax-Exempt Bond ETF has a 1 year low of $47.02 and a 1 year high of $51.09.

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.