Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) saw unusually-high trading volume on Tuesday. Approximately 34,416,221 shares traded hands during trading, an increase of 214% from the previous session’s volume of 10,964,962 shares. The stock last traded at $47.5630 and had previously closed at $47.38.

Vanguard Tax-Exempt Bond ETF Price Performance

The stock has a 50-day moving average of $48.56 and a two-hundred day moving average of $49.60.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in VTEB. Orgel Wealth Management LLC boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 21.4% during the third quarter. Orgel Wealth Management LLC now owns 4,334,288 shares of the company’s stock worth $205,272,000 after buying an additional 763,337 shares during the period. Mather Group LLC. raised its position in Vanguard Tax-Exempt Bond ETF by 2.4% in the third quarter. Mather Group LLC. now owns 1,067,502 shares of the company’s stock worth $50,557,000 after acquiring an additional 25,431 shares in the last quarter. First Pacific Financial raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 31.0% in the 3rd quarter. First Pacific Financial now owns 31,180 shares of the company’s stock worth $1,477,000 after purchasing an additional 7,384 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 7.4% in the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 6,867,973 shares of the company’s stock valued at $325,267,000 after buying an additional 473,743 shares in the last quarter. Finally, Newton One Investments LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 2.4% in the third quarter. Newton One Investments LLC now owns 317,404 shares of the company’s stock worth $15,032,000 after buying an additional 7,358 shares during the last quarter.

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.