Equita Financial Network Inc. Reduces Stock Holdings in Vanguard Tax-Exempt Bond ETF $VTEB

Equita Financial Network Inc. lowered its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 30.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,932 shares of the company’s stock after selling 27,389 shares during the period. Vanguard Tax-Exempt Bond ETF accounts for approximately 1.2% of Equita Financial Network Inc.’s holdings, making the stock its 16th biggest holding. Equita Financial Network Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,086,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Valley National Advisers Inc. purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the first quarter valued at about $25,000. Fairway Wealth LLC bought a new stake in Vanguard Tax-Exempt Bond ETF during the 1st quarter valued at approximately $27,000. Wolff Wiese Magana LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 56.8% during the 2nd quarter. Wolff Wiese Magana LLC now owns 596 shares of the company’s stock worth $29,000 after acquiring an additional 216 shares during the period. Rossby Financial LCC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the 1st quarter worth approximately $35,000. Finally, Cloud Capital Management LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF in the 1st quarter worth approximately $41,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB opened at $50.58 on Tuesday. Vanguard Tax-Exempt Bond ETF has a 52 week low of $47.02 and a 52 week high of $51.09. The business has a 50 day moving average of $49.83 and a 200-day moving average of $49.16.

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.