Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB – Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $48.21 and last traded at $48.2450, with a volume of 16214772 shares trading hands. The stock had previously closed at $48.41.
Vanguard Tax-Exempt Bond ETF Price Performance
The company’s 50 day simple moving average is $49.58 and its 200 day simple moving average is $50.03.
Hedge Funds Weigh In On Vanguard Tax-Exempt Bond ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VTEB. Rothschild Investment LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 653.8% in the fourth quarter. Rothschild Investment LLC now owns 490 shares of the company’s stock worth $25,000 after buying an additional 425 shares during the last quarter. Arlington Trust Co LLC purchased a new position in Vanguard Tax-Exempt Bond ETF in the 2nd quarter worth approximately $38,000. Global Trust Asset Management LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 117.6% during the 1st quarter. Global Trust Asset Management LLC now owns 925 shares of the company’s stock valued at $46,000 after purchasing an additional 500 shares during the last quarter. Legacy Wealth Managment LLC ID purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the first quarter valued at $49,000. Finally, Trust Co. of Vermont bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 2nd quarter valued at approximately $50,000.
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.
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