Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Sets New 52-Week Low – What’s Next?

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)’s stock price reached a new 52-week low during trading on Thursday. The stock traded as low as $46.87 and last traded at $47.0050, with a volume of 512431 shares trading hands. The stock had previously closed at $47.06.

Vanguard Tax-Exempt Bond ETF Stock Performance

The business’s 50 day moving average price is $48.78 and its 200-day moving average price is $49.69.

Institutional Investors Weigh In On Vanguard Tax-Exempt Bond ETF

Several hedge funds have recently bought and sold shares of VTEB. Steph & Co. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 36.2% in the third quarter. Steph & Co. now owns 81,726 shares of the company’s stock valued at $3,871,000 after purchasing an additional 21,733 shares during the last quarter. Dominguez Wealth Management Solutions Inc. acquired a new stake in Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth approximately $384,000. Boston Standard Wealth Management LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth approximately $30,567,000. SigFig Wealth Management LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 12.9% in the 3rd quarter. SigFig Wealth Management LLC now owns 90,356 shares of the company’s stock valued at $4,279,000 after purchasing an additional 10,301 shares during the period. Finally, Weaver Consulting Group bought a new stake in Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at $294,000.

About Vanguard Tax-Exempt Bond ETF

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.