Verus Wealth Management LLC Has $2.32 Million Position in Vanguard Tax-Exempt Bond ETF $VTEB

Verus Wealth Management LLC trimmed its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 24.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,250 shares of the company’s stock after selling 15,395 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up about 2.3% of Verus Wealth Management LLC’s portfolio, making the stock its 13th largest holding. Verus Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $2,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. HB Wealth Management LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 51.8% during the 2nd quarter. HB Wealth Management LLC now owns 22,135 shares of the company’s stock valued at $1,085,000 after acquiring an additional 7,552 shares in the last quarter. Sowell Financial Services LLC bought a new position in Vanguard Tax-Exempt Bond ETF in the second quarter valued at about $211,000. Millennium Management LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 75.8% during the fourth quarter. Millennium Management LLC now owns 9,572 shares of the company’s stock valued at $480,000 after purchasing an additional 4,128 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the first quarter valued at about $222,000. Finally, Vanguard Group Inc. grew its holdings in shares of 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 worth $187,078,000 after purchasing an additional 270,058 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Down 0.0%

Vanguard Tax-Exempt Bond ETF stock opened at $49.98 on Friday. The business has a 50 day moving average of $49.34 and a 200-day moving average of $49.04. 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.