Valeo Financial Advisors LLC Cuts Position in Vanguard Tax-Exempt Bond ETF $VTEB

Valeo Financial Advisors LLC reduced its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 48.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,293 shares of the company’s stock after selling 39,244 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $2,068,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in Vanguard Tax-Exempt Bond ETF by 39.8% in the second quarter. JPMorgan Chase & Co. now owns 108,048,493 shares of the company’s stock worth $5,297,618,000 after purchasing an additional 30,774,028 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of Vanguard Tax-Exempt Bond ETF by 87.6% in the 2nd quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock worth $363,056,000 after buying an additional 3,458,654 shares during the last quarter. Sei Investments Co. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 30.6% in the 2nd quarter. Sei Investments Co. now owns 13,204,759 shares of the company’s stock worth $647,430,000 after buying an additional 3,094,388 shares during the last quarter. Laurel Wealth Advisors LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 4,903.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,984,861 shares of the company’s stock worth $97,318,000 after acquiring an additional 1,945,188 shares in the last quarter. Finally, Forum Financial Management LP lifted its position in Vanguard Tax-Exempt Bond ETF by 615.4% during the third quarter. Forum Financial Management LP now owns 1,322,231 shares of the company’s stock valued at $66,204,000 after acquiring an additional 1,137,416 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB opened at $50.57 on Thursday. The company has a 50 day moving average of $50.38 and a two-hundred day moving average of $49.89. Vanguard Tax-Exempt Bond ETF has a twelve month low of $47.02 and a twelve month high of $50.68.

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.