Exchange Capital Management Inc. Sells 4,292 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Exchange Capital Management Inc. decreased its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 23.9% during the second quarter, HoldingsChannel reports. The firm owned 13,669 shares of the company’s stock after selling 4,292 shares during the quarter. Exchange Capital Management Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $670,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of VTEB. Millennium Management LLC raised its holdings in Vanguard Tax-Exempt Bond ETF by 75.8% in the 4th quarter. Millennium Management LLC now owns 9,572 shares of the company’s stock worth $480,000 after acquiring an additional 4,128 shares during the period. Naples Global Advisors LLC grew its position in shares of Vanguard Tax-Exempt Bond ETF by 2.1% in the first quarter. Naples Global Advisors LLC now owns 38,558 shares of the company’s stock valued at $1,913,000 after purchasing an additional 800 shares during the last quarter. Annex Advisory Services LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 16.6% in the first quarter. Annex Advisory Services LLC now owns 11,344 shares of the company’s stock worth $563,000 after purchasing an additional 1,615 shares during the period. AMI Investment Management Inc. lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 1.4% during the 1st quarter. AMI Investment Management Inc. now owns 170,387 shares of the company’s stock worth $8,455,000 after purchasing an additional 2,356 shares during the last quarter. Finally, ACT Wealth Management LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 210.5% during the 1st quarter. ACT Wealth Management LLC now owns 29,500 shares of the company’s stock worth $1,464,000 after purchasing an additional 20,000 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Down 0.0%

VTEB opened at $49.98 on Friday. The stock’s 50 day moving average price is $49.34 and its two-hundred day moving average price is $49.05. Vanguard Tax-Exempt Bond ETF has a 12-month low of $47.02 and a 12-month high of $51.09.

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.