Steph & Co. Cuts Stock Position in Vanguard Tax-Exempt Bond ETF $VTEB

Steph & Co. decreased its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 15.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,456 shares of the company’s stock after selling 12,433 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises approximately 1.0% of Steph & Co.’s holdings, making the stock its 19th biggest holding. Steph & Co.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,428,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in VTEB. Wolff Wiese Magana LLC raised its position in 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 valued at $29,000 after purchasing an additional 216 shares during the period. Avalon Trust Co acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the second quarter valued at about $49,000. Clear Investment Research LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 2nd quarter valued at about $50,000. Longview Financial Advisors LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 2nd quarter valued at about $51,000. Finally, Pin Oak Investment Advisors Inc. acquired a new position in Vanguard Tax-Exempt Bond ETF during the 2nd quarter worth approximately $55,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA VTEB opened at $50.30 on Wednesday. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $47.02 and a fifty-two week high of $50.68. The business has a 50 day moving average price of $50.37 and a two-hundred day moving average price of $49.56.

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.