Fmr LLC Trims Stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Fmr LLC reduced its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 19.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 13,765,113 shares of the company’s stock after selling 3,405,459 shares during the period. Fmr LLC owned 2.15% of Vanguard Tax-Exempt Bond ETF worth $703,673,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. TIAA Trust National Association raised its stake in Vanguard Tax-Exempt Bond ETF by 21.4% during the 2nd quarter. TIAA Trust National Association now owns 13,830,411 shares of the company’s stock valued at $693,044,000 after acquiring an additional 2,441,163 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the 2nd quarter worth $71,067,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock worth $1,613,332,000 after purchasing an additional 1,003,475 shares during the period. Creative Planning raised its position in shares of Vanguard Tax-Exempt Bond ETF by 3.2% in the 2nd quarter. Creative Planning now owns 25,601,034 shares of the company’s stock worth $1,282,868,000 after buying an additional 796,659 shares during the period. Finally, Koss Olinger Consulting LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the 2nd quarter worth $33,945,000.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA:VTEB opened at $50.94 on Friday. The business’s 50-day moving average is $50.64 and its two-hundred day moving average is $50.49. Vanguard Tax-Exempt Bond ETF has a 12 month low of $49.50 and a 12 month high of $51.17.

Vanguard Tax-Exempt Bond ETF Company 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.