Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. cut its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 272,778 shares of the company’s stock after selling 20,353 shares during the period. First Horizon Advisors Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $13,925,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VTEB. Cambridge Investment Research Advisors Inc. increased its holdings in Vanguard Tax-Exempt Bond ETF by 2.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 181,157 shares of the company’s stock valued at $8,714,000 after buying an additional 3,974 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in Vanguard Tax-Exempt Bond ETF by 0.4% in the third quarter. Pinnacle Associates Ltd. now owns 49,291 shares of the company’s stock worth $2,371,000 after purchasing an additional 215 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Vanguard Tax-Exempt Bond ETF by 8.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 2,077,214 shares of the company’s stock valued at $99,914,000 after purchasing an additional 161,152 shares during the last quarter. 1834 Investment Advisors Co. acquired a new position in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at about $338,000. Finally, Stratos Wealth Partners LTD. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 6.1% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 78,083 shares of the company’s stock valued at $3,756,000 after buying an additional 4,496 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB traded up $0.10 on Thursday, hitting $49.88. 2,748,245 shares of the company’s stock were exchanged, compared to its average volume of 4,108,750. The stock has a fifty day moving average of $50.34 and a two-hundred day moving average of $50.04. Vanguard Tax-Exempt Bond ETF has a twelve month low of $47.14 and a twelve month high of $51.15.

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.