Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Sees Unusually-High Trading Volume – Here’s Why

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) shares saw unusually-strong trading volume on Thursday . Approximately 31,803,924 shares changed hands during trading, an increase of 300% from the previous session’s volume of 7,958,161 shares.The stock last traded at $48.2940 and had previously closed at $48.61.

Vanguard Tax-Exempt Bond ETF Price Performance

The company has a fifty day moving average price of $49.71 and a two-hundred day moving average price of $50.09.

Institutional Investors Weigh In On Vanguard Tax-Exempt Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rothschild Investment LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 653.8% in the fourth quarter. Rothschild Investment LLC now owns 490 shares of the company’s stock valued at $25,000 after acquiring an additional 425 shares during the period. JPL Wealth Management LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth $25,000. Nepc LLC purchased a new position in Vanguard Tax-Exempt Bond ETF during the 4th quarter worth $34,000. Measured Wealth Private Client Group LLC acquired a new position in Vanguard Tax-Exempt Bond ETF in the third quarter valued at $37,000. Finally, Arlington Trust Co LLC acquired a new position in Vanguard Tax-Exempt Bond ETF in the second quarter valued at $38,000.

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.