Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Sees Large Volume Increase – Here’s Why

Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) saw an uptick in trading volume on Thursday . Approximately 31,803,924 shares were traded during trading, an increase of 300% from the previous session’s volume of 7,958,161 shares.The stock last traded at $48.2940 and had previously closed at $48.61.

Vanguard Tax-Exempt Bond ETF Stock Performance

The business has a fifty day simple moving average of $49.62 and a two-hundred day simple moving average of $50.06.

Hedge Funds Weigh In On Vanguard Tax-Exempt Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of VTEB. Rothschild Investment LLC grew its position in Vanguard Tax-Exempt Bond ETF by 653.8% in the fourth quarter. Rothschild Investment LLC now owns 490 shares of the company’s stock valued at $25,000 after acquiring an additional 425 shares during the period. JPL Wealth Management LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at $25,000. Nepc LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter worth about $34,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth about $37,000. Finally, Arlington Trust Co LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 2nd quarter worth about $38,000.

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.