Topsail Wealth Management LLC cut its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB – Free Report) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,269,611 shares of the company’s stock after selling 10,853 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises about 11.4% of Topsail Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position. Topsail Wealth Management LLC owned 0.16% of Vanguard Tax-Exempt Bond ETF worth $62,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently added to or reduced their stakes in VTEB. Valley National Advisers Inc. purchased a new position in Vanguard Tax-Exempt Bond ETF in the first quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in Vanguard Tax-Exempt Bond ETF in the first quarter valued at about $27,000. Wolff Wiese Magana LLC raised its position in Vanguard Tax-Exempt Bond ETF by 56.8% in the second quarter. Wolff Wiese Magana LLC now owns 596 shares of the company’s stock valued at $29,000 after purchasing an additional 216 shares during the period. Rossby Financial LCC purchased a new position in Vanguard Tax-Exempt Bond ETF in the first quarter valued at about $35,000. Finally, Cloud Capital Management LLC purchased a new position in Vanguard Tax-Exempt Bond ETF in the first quarter valued at about $41,000.
Vanguard Tax-Exempt Bond ETF Price Performance
NYSEARCA:VTEB opened at $50.57 on Friday. The business’s 50-day moving average is $49.80 and its two-hundred day moving average is $49.14. Vanguard Tax-Exempt Bond ETF has a 12 month low of $47.02 and a 12 month high of $51.09.
Vanguard Tax-Exempt Bond ETF Company 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.
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