Paragon Capital Management Ltd Sells 48,607 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Paragon Capital Management Ltd cut its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 47.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,484 shares of the company’s stock after selling 48,607 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises 0.5% of Paragon Capital Management Ltd’s investment portfolio, making the stock its 23rd biggest holding. Paragon Capital Management Ltd’s holdings in Vanguard Tax-Exempt Bond ETF were worth $2,678,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 56.8% during the second quarter. Wolff Wiese Magana LLC now owns 596 shares of the company’s stock valued at $29,000 after buying an additional 216 shares during the period. Sound Income Strategies LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 1,500.0% in the 3rd quarter. Sound Income Strategies LLC now owns 832 shares of the company’s stock worth $42,000 after acquiring an additional 780 shares in the last quarter. Avalon Trust Co bought a new position in shares of Vanguard Tax-Exempt Bond ETF in the 2nd quarter worth about $49,000. Clear Investment Research LLC purchased a new position in Vanguard Tax-Exempt Bond ETF during the 2nd quarter valued at about $50,000. Finally, Longview Financial Advisors LLC bought a new stake in Vanguard Tax-Exempt Bond ETF during the second quarter worth about $51,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB opened at $50.23 on Thursday. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $47.02 and a fifty-two week high of $50.68. The firm’s 50-day simple moving average is $50.37 and its two-hundred day simple moving average is $49.62.

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.