Vanguard Tax-Exempt Bond ETF $VTEB Shares Sold by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. lessened its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 20.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,280 shares of the company’s stock after selling 3,246 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $609,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. HB Wealth Management LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 51.8% in the second quarter. HB Wealth Management LLC now owns 22,135 shares of the company’s stock valued at $1,085,000 after purchasing an additional 7,552 shares during the period. Sowell Financial Services LLC acquired a new position in Vanguard Tax-Exempt Bond ETF in the 2nd quarter valued at about $211,000. Vanguard Group Inc. boosted its holdings in Vanguard Tax-Exempt Bond ETF by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 3,770,215 shares of the company’s stock valued at $187,078,000 after purchasing an additional 270,058 shares during the last quarter. AE Wealth Management LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 8.7% in the 1st quarter. AE Wealth Management LLC now owns 11,149 shares of the company’s stock valued at $553,000 after buying an additional 897 shares during the period. Finally, Winthrop Advisory Group LLC increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 12.2% during the 2nd quarter. Winthrop Advisory Group LLC now owns 205,578 shares of the company’s stock worth $10,079,000 after buying an additional 22,384 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Down 0.2%

VTEB stock opened at $50.37 on Friday. Vanguard Tax-Exempt Bond ETF has a one year low of $47.02 and a one year high of $51.09. The firm’s 50 day moving average price is $50.22 and its 200-day moving average price is $49.32.

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.