1900 Wealth Management LLC Lowers Stake in Vanguard Tax-Exempt Bond ETF $VTEB

1900 Wealth Management LLC trimmed its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 56.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,735 shares of the company’s stock after selling 127,555 shares during the quarter. 1900 Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $4,994,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in Vanguard Tax-Exempt Bond ETF by 39.8% during the second quarter. JPMorgan Chase & Co. now owns 108,048,493 shares of the company’s stock worth $5,297,618,000 after buying an additional 30,774,028 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,166,659 shares of the company’s stock valued at $1,724,221,000 after acquiring an additional 669,274 shares in the last quarter. Creative Planning boosted its position in Vanguard Tax-Exempt Bond ETF by 2.7% during the 2nd quarter. Creative Planning now owns 26,851,781 shares of the company’s stock worth $1,316,543,000 after purchasing an additional 702,763 shares during the period. Raymond James Financial Inc. increased its holdings in Vanguard Tax-Exempt Bond ETF by 0.7% in the 2nd quarter. Raymond James Financial Inc. now owns 21,831,076 shares of the company’s stock valued at $1,070,378,000 after purchasing an additional 141,078 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Vanguard Tax-Exempt Bond ETF by 30.6% in the 2nd quarter. Sei Investments Co. now owns 13,204,759 shares of the company’s stock valued at $647,430,000 after purchasing an additional 3,094,388 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB opened at $50.22 on Monday. Vanguard Tax-Exempt Bond ETF has a 12 month low of $47.02 and a 12 month high of $50.68. The stock’s 50-day moving average is $50.36 and its two-hundred day moving average is $49.64.

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.