Modera Wealth Management LLC Sells 15,310 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Modera Wealth Management LLC lowered its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 2.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 625,727 shares of the company’s stock after selling 15,310 shares during the quarter. Modera Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $31,218,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VTEB. Wellington Management Group LLP bought a new position in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at about $347,641,000. JPMorgan Chase & Co. raised its holdings in Vanguard Tax-Exempt Bond ETF by 5.5% during the fourth quarter. JPMorgan Chase & Co. now owns 104,551,572 shares of the company’s stock worth $5,257,899,000 after acquiring an additional 5,461,346 shares in the last quarter. Corient Private Wealth LLC boosted its position in Vanguard Tax-Exempt Bond ETF by 87.6% during the second quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock valued at $363,056,000 after purchasing an additional 3,458,654 shares during the last quarter. Raymond James Financial Inc. boosted its position in Vanguard Tax-Exempt Bond ETF by 10.8% during the fourth quarter. Raymond James Financial Inc. now owns 24,614,196 shares of the company’s stock valued at $1,237,835,000 after purchasing an additional 2,396,916 shares during the last quarter. Finally, Morgan Stanley boosted its position in Vanguard Tax-Exempt Bond ETF by 9.4% during the fourth quarter. Morgan Stanley now owns 25,172,743 shares of the company’s stock valued at $1,265,937,000 after purchasing an additional 2,173,235 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB stock opened at $50.13 on Friday. Vanguard Tax-Exempt Bond ETF has a twelve month low of $48.46 and a twelve month high of $51.18. The business has a 50 day moving average price of $50.27 and a two-hundred day moving average price of $50.37.

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.