Studio Investment Management LLC Sells 642 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Studio Investment Management LLC reduced its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,085 shares of the company’s stock after selling 642 shares during the period. Studio Investment Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $4,213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of VTEB. Charles Schwab Investment Advisory Inc. boosted its stake in Vanguard Tax-Exempt Bond ETF by 4.7% in the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 29,485,963 shares of the company’s stock valued at $1,491,990,000 after buying an additional 1,333,540 shares in the last quarter. Creative Planning boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 15.2% in the 4th quarter. Creative Planning now owns 24,754,352 shares of the company’s stock valued at $1,263,710,000 after purchasing an additional 3,258,212 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1.5% in the 2nd quarter. Raymond James & Associates now owns 17,893,412 shares of the company’s stock worth $896,639,000 after purchasing an additional 255,949 shares during the last quarter. TIAA Trust National Association increased its position in shares of Vanguard Tax-Exempt Bond ETF by 21.4% during the 2nd quarter. TIAA Trust National Association now owns 13,830,411 shares of the company’s stock worth $693,044,000 after purchasing an additional 2,441,163 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Vanguard Tax-Exempt Bond ETF by 6.1% during the 4th quarter. Northern Trust Corp now owns 11,720,572 shares of the company’s stock worth $598,335,000 after purchasing an additional 672,087 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA:VTEB opened at $50.99 on Wednesday. Vanguard Tax-Exempt Bond ETF has a 12 month low of $47.14 and a 12 month high of $51.15. The company’s 50-day moving average price is $50.59 and its two-hundred day moving average price is $50.34.

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.