IFP Advisors Inc Cuts Holdings in Vanguard Tax-Exempt Bond ETF $VTEB

IFP Advisors Inc cut its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 8.6% during the 2nd quarter, Holdings Channel reports. The firm owned 79,878 shares of the company’s stock after selling 7,556 shares during the quarter. IFP Advisors Inc’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,916,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HB Wealth Management LLC boosted its holdings in Vanguard Tax-Exempt Bond ETF by 51.8% during the second quarter. HB Wealth Management LLC now owns 22,135 shares of the company’s stock worth $1,085,000 after purchasing an additional 7,552 shares during the last quarter. Sowell Financial Services LLC purchased a new position in Vanguard Tax-Exempt Bond ETF during the second quarter worth about $211,000. Kingswood Wealth Advisors LLC purchased a new position in Vanguard Tax-Exempt Bond ETF during the first quarter worth about $222,000. Vanguard Group Inc. boosted its holdings in Vanguard Tax-Exempt Bond ETF by 7.7% during the first quarter. Vanguard Group Inc. now owns 3,770,215 shares of the company’s stock worth $187,078,000 after purchasing an additional 270,058 shares during the last quarter. Finally, AE Wealth Management LLC boosted its holdings in Vanguard Tax-Exempt Bond ETF by 8.7% during the first quarter. AE Wealth Management LLC now owns 11,149 shares of the company’s stock worth $553,000 after purchasing an additional 897 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Vanguard Tax-Exempt Bond ETF stock opened at $50.22 on Friday. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $47.02 and a fifty-two week high of $51.09. The firm’s 50-day simple moving average is $49.48 and its 200 day simple moving average is $49.06.

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.