Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Hits New 1-Year Low – Here’s Why

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $48.21 and last traded at $48.2450, with a volume of 16214772 shares. The stock had previously closed at $48.41.

Vanguard Tax-Exempt Bond ETF Stock Down 0.4%

The stock’s fifty day simple moving average is $49.58 and its 200 day simple moving average is $50.03.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Cherry Tree Wealth Management LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 5.7% in the second quarter. Cherry Tree Wealth Management LLC now owns 153,195 shares of the company’s stock valued at $7,749,000 after buying an additional 8,281 shares in the last quarter. Bouchey Financial Group Ltd. boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 4.9% during the 2nd quarter. Bouchey Financial Group Ltd. now owns 24,709 shares of the company’s stock valued at $1,250,000 after acquiring an additional 1,157 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 12.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,073,127 shares of the company’s stock valued at $104,859,000 after buying an additional 226,758 shares during the period. Tidal Investments LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF in the second quarter valued at $11,133,000. Finally, Cahill Financial Advisors Inc. lifted its position in Vanguard Tax-Exempt Bond ETF by 19.3% in the second quarter. Cahill Financial Advisors Inc. now owns 55,811 shares of the company’s stock valued at $2,823,000 after buying an additional 9,016 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Company 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.