Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Reaches New 12-Month Low – Here’s What Happened
by Danessa Lincoln · The Markets DailyVanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $46.87 and last traded at $47.0050, with a volume of 512431 shares. The stock had previously closed at $47.06.
Vanguard Tax-Exempt Bond ETF Stock Down 0.0%
The firm’s 50 day moving average is $48.78 and its two-hundred day moving average is $49.69.
Institutional Investors Weigh In On Vanguard Tax-Exempt Bond ETF
Hedge funds have recently bought and sold shares of the company. Wealthfront Advisers LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 3.1% in the first quarter. Wealthfront Advisers LLC now owns 24,913,759 shares of the company’s stock valued at $1,242,947,000 after buying an additional 760,249 shares during the period. Sei Investments Co. boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 4.9% during the 1st quarter. Sei Investments Co. now owns 14,164,689 shares of the company’s stock worth $706,677,000 after acquiring an additional 659,339 shares during the period. Bank of America Corp DE increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 4.9% during the 1st quarter. Bank of America Corp DE now owns 12,650,375 shares of the company’s stock worth $631,127,000 after acquiring an additional 594,110 shares during the last quarter. Franklin Resources Inc. raised its stake in Vanguard Tax-Exempt Bond ETF by 3.1% in the 4th quarter. Franklin Resources Inc. now owns 6,272,115 shares of the company’s stock valued at $315,425,000 after acquiring an additional 188,310 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Vanguard Tax-Exempt Bond ETF by 8.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,852,832 shares of the company’s stock valued at $296,036,000 after acquiring an additional 450,334 shares during the period.
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.