Phillips Financial Management LLC Cuts Position in Vanguard Tax-Exempt Bond ETF $VTEB

Phillips Financial Management LLC lessened its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 5.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 56,563 shares of the company’s stock after selling 3,504 shares during the quarter. Phillips Financial Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $2,773,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VTEB. GAMMA Investing LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 1st quarter worth approximately $592,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 15.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 232,769 shares of the company’s stock worth $11,550,000 after acquiring an additional 30,992 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 20.0% during the first quarter. Oppenheimer & Co. Inc. now owns 14,797 shares of the company’s stock worth $734,000 after acquiring an additional 2,471 shares in the last quarter. Walkner Condon Financial Advisors LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 48.3% during the first quarter. Walkner Condon Financial Advisors LLC now owns 6,798 shares of the company’s stock worth $337,000 after acquiring an additional 2,215 shares in the last quarter. Finally, Legacy Advisors LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the first quarter worth $840,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA:VTEB opened at $50.56 on Wednesday. The stock’s fifty day moving average price is $49.70 and its two-hundred day moving average price is $49.10. 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 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.