Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Reaches New 1-Year High – Time to Buy?
by Amy Steele · The Cerbat GemVanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB – Get Free Report)’s stock price hit a new 52-week high on Friday . The stock traded as high as $50.86 and last traded at $50.5170, with a volume of 293 shares traded. The stock had previously closed at $50.51.
Vanguard Tax-Exempt Bond ETF Stock Performance
The stock’s 50 day simple moving average is $50.33 and its two-hundred day simple moving average is $49.73.
Institutional Investors Weigh In On Vanguard Tax-Exempt Bond ETF
Institutional investors have recently added to or reduced their stakes in the stock. HB Wealth Management LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 51.8% during the second quarter. HB Wealth Management LLC now owns 22,135 shares of the company’s stock worth $1,085,000 after purchasing an additional 7,552 shares during the last quarter. Eclectic Associates Inc. ADV lifted its position in Vanguard Tax-Exempt Bond ETF by 89.5% during the 3rd quarter. Eclectic Associates Inc. ADV now owns 50,860 shares of the company’s stock worth $2,547,000 after buying an additional 24,014 shares in the last quarter. Sowell Financial Services LLC bought a new stake in Vanguard Tax-Exempt Bond ETF during the 2nd quarter worth about $211,000. Allworth Financial LP increased its position in Vanguard Tax-Exempt Bond ETF by 6.9% in the 2nd quarter. Allworth Financial LP now owns 702,670 shares of the company’s stock valued at $34,452,000 after acquiring an additional 45,524 shares in the last quarter. Finally, CoreCap Advisors LLC increased its position in Vanguard Tax-Exempt Bond ETF by 6.1% in the 3rd quarter. CoreCap Advisors LLC now owns 207,652 shares of the company’s stock valued at $10,397,000 after acquiring an additional 11,951 shares in the last quarter.
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.