Wedmont Private Capital Reduces Stake in Vanguard Tax-Exempt Bond ETF $VTEB

Wedmont Private Capital trimmed its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 57.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 914,576 shares of the company’s stock after selling 1,253,382 shares during the period. Vanguard Tax-Exempt Bond ETF accounts for 1.0% of Wedmont Private Capital’s portfolio, making the stock its 18th biggest position. Wedmont Private Capital owned approximately 0.09% of Vanguard Tax-Exempt Bond ETF worth $43,104,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Boston Standard Wealth Management LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth approximately $30,567,000. Fort Point Capital Partners LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 54.1% during the fourth quarter. Fort Point Capital Partners LLC now owns 1,035,648 shares of the company’s stock valued at $52,414,000 after buying an additional 363,519 shares during the last quarter. HB Wealth Management LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 40.4% during the second quarter. HB Wealth Management LLC now owns 48,611 shares of the company’s stock valued at $2,459,000 after buying an additional 13,980 shares during the last quarter. Fiduciary Alliance LLC bought a new stake in Vanguard Tax-Exempt Bond ETF in the first quarter worth $1,487,000. Finally, SmartHarvest Portfolios LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter worth $1,372,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

Vanguard Tax-Exempt Bond ETF stock traded up $0.18 during mid-day trading on Friday, reaching $47.31. The stock had a trading volume of 17,945,349 shares, compared to its average volume of 10,751,372. Vanguard Tax-Exempt Bond ETF has a one year low of $46.87 and a one year high of $51.18. The company has a 50-day moving average price of $48.73 and a two-hundred day moving average price of $49.67.

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.