Pinnacle Financial Partners Inc Reduces Position in Vanguard Tax-Exempt Bond ETF $VTEB

Pinnacle Financial Partners Inc decreased its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 78.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 82,431 shares of the company’s stock after selling 297,874 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Vanguard Tax-Exempt Bond ETF were worth $4,127,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lowe Wealth Advisors LLC bought a new stake in Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at about $29,000. Wolff Wiese Magana LLC lifted its stake 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 worth $29,000 after acquiring an additional 216 shares during the period. Sound Income Strategies LLC grew its holdings in Vanguard Tax-Exempt Bond ETF by 1,500.0% during the 3rd quarter. Sound Income Strategies LLC now owns 832 shares of the company’s stock worth $42,000 after acquiring an additional 780 shares in the last quarter. Bogart Wealth LLC increased its position in Vanguard Tax-Exempt Bond ETF by 41.9% during the 3rd quarter. Bogart Wealth LLC now owns 945 shares of the company’s stock valued at $47,000 after purchasing an additional 279 shares during the period. Finally, Avalon Trust Co bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 2nd quarter valued at about $49,000.

Vanguard Tax-Exempt Bond ETF Trading Down 0.0%

NYSEARCA VTEB opened at $50.60 on Friday. The firm’s 50 day moving average price is $50.35 and its 200-day moving average price is $49.80. Vanguard Tax-Exempt Bond ETF has a 52-week low of $47.02 and a 52-week high of $50.68.

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.