Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Position Reduced by Rede Wealth LLC

Rede Wealth LLC decreased its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 43.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 59,238 shares of the company’s stock after selling 44,609 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for approximately 1.4% of Rede Wealth LLC’s investment portfolio, making the stock its 8th largest holding. Rede Wealth LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,024,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. HM Payson & Co. purchased a new position in Vanguard Tax-Exempt Bond ETF in the third quarter valued at approximately $32,000. Headlands Technologies LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF in the third quarter valued at approximately $39,000. VisionPoint Advisory Group LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF in the second quarter valued at approximately $41,000. Fifth Third Bancorp grew its position in Vanguard Tax-Exempt Bond ETF by 1,612.5% in the third quarter. Fifth Third Bancorp now owns 959 shares of the company’s stock valued at $46,000 after acquiring an additional 903 shares in the last quarter. Finally, Salem Investment Counselors Inc. grew its position in Vanguard Tax-Exempt Bond ETF by 107.3% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,219 shares of the company’s stock valued at $60,000 after acquiring an additional 631 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Down 0.1 %

Shares of NYSEARCA:VTEB opened at $50.52 on Wednesday. Vanguard Tax-Exempt Bond ETF has a 52-week low of $47.14 and a 52-week high of $51.15. The company has a 50 day moving average of $50.64 and a two-hundred day moving average of $49.75.

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.