Vanguard Tax-Exempt Bond ETF $VTEB Stake Cut by Pacific Point Advisors LLC

Pacific Point Advisors LLC lessened its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 7.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,710 shares of the company’s stock after selling 4,188 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises 1.3% of Pacific Point Advisors LLC’s portfolio, making the stock its 10th largest holding. Pacific Point Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $2,486,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of VTEB. Sowell Financial Services LLC purchased a new position in Vanguard Tax-Exempt Bond ETF during the second quarter valued at approximately $211,000. Millennium Management LLC raised its position in shares of Vanguard Tax-Exempt Bond ETF by 75.8% in the fourth quarter. Millennium Management LLC now owns 9,572 shares of the company’s stock worth $480,000 after buying an additional 4,128 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the first quarter worth $222,000. Vanguard Group Inc. boosted its stake in Vanguard Tax-Exempt Bond ETF by 7.7% during the first quarter. Vanguard Group Inc. now owns 3,770,215 shares of the company’s stock valued at $187,078,000 after buying an additional 270,058 shares during the period. Finally, AE Wealth Management LLC grew its position in Vanguard Tax-Exempt Bond ETF by 8.7% during the first quarter. AE Wealth Management LLC now owns 11,149 shares of the company’s stock worth $553,000 after buying an additional 897 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA VTEB opened at $50.07 on Wednesday. The stock’s 50-day simple moving average is $49.25 and its two-hundred day simple moving average is $49.04. Vanguard Tax-Exempt Bond ETF has a twelve month low of $47.02 and a twelve month high of $51.16.

Vanguard Tax-Exempt Bond ETF 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.