Traynor Capital Management Inc. Trims Stock Holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Traynor Capital Management Inc. decreased its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 11.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,734 shares of the company’s stock after selling 3,282 shares during the period. Traynor Capital Management Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mariner LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 5.5% in the 3rd quarter. Mariner LLC now owns 2,597,673 shares of the company’s stock worth $124,948,000 after acquiring an additional 135,766 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 4.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 48,712 shares of the company’s stock valued at $2,312,000 after buying an additional 2,063 shares during the last quarter. Stairway Partners LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 0.4% during the 3rd quarter. Stairway Partners LLC now owns 360,263 shares of the company’s stock valued at $17,329,000 after buying an additional 1,290 shares during the last quarter. Gradient Investments LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 270.3% during the 3rd quarter. Gradient Investments LLC now owns 3,662 shares of the company’s stock valued at $176,000 after buying an additional 2,673 shares during the last quarter. Finally, Allworth Financial LP raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 15.3% during the 3rd quarter. Allworth Financial LP now owns 374,061 shares of the company’s stock valued at $17,992,000 after buying an additional 49,642 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA VTEB traded up $0.01 during trading on Thursday, reaching $50.60. 4,401,052 shares of the company traded hands, compared to its average volume of 3,974,785. The firm’s fifty day simple moving average is $50.64 and its 200 day simple moving average is $49.76. Vanguard Tax-Exempt Bond ETF has a 12-month low of $47.14 and a 12-month high of $51.15.

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.