Beacon Pointe Advisors LLC lifted its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB – Free Report) by 7.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 514,995 shares of the company’s stock after purchasing an additional 37,148 shares during the period. Beacon Pointe Advisors LLC owned approximately 0.07% of Vanguard Tax-Exempt Bond ETF worth $25,250,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in VTEB. Wolff Wiese Magana LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 56.8% in the second quarter. Wolff Wiese Magana LLC now owns 596 shares of the company’s stock worth $29,000 after acquiring an additional 216 shares in the last quarter. Avalon Trust Co acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the second quarter valued at $49,000. Clear Investment Research LLC purchased a new position in Vanguard Tax-Exempt Bond ETF in the second quarter valued at $50,000. Longview Financial Advisors LLC acquired a new position in Vanguard Tax-Exempt Bond ETF during the 2nd quarter worth $51,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in Vanguard Tax-Exempt Bond ETF during the 2nd quarter worth about $55,000.
Vanguard Tax-Exempt Bond ETF Trading Down 0.5%
Shares of VTEB opened at $50.25 on Tuesday. The stock has a 50-day simple moving average of $50.33 and a 200-day simple moving average of $49.45. Vanguard Tax-Exempt Bond ETF has a 1 year low of $47.02 and a 1 year high of $51.09.
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.
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