Studio Investment Management LLC Sells 1,365 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Studio Investment Management LLC trimmed its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 1.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 82,720 shares of the company’s stock after selling 1,365 shares during the period. Studio Investment Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $4,229,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TIAA Trust National Association grew its position in shares of Vanguard Tax-Exempt Bond ETF by 21.4% in the second quarter. TIAA Trust National Association now owns 13,830,411 shares of the company’s stock valued at $693,044,000 after purchasing an additional 2,441,163 shares during the last quarter. Jane Street Group LLC bought a new stake in Vanguard Tax-Exempt Bond ETF during the 1st quarter valued at approximately $82,895,000. Sanctuary Advisors LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF in the 2nd quarter valued at approximately $71,067,000. Charles Schwab Investment Management Inc. increased its position in Vanguard Tax-Exempt Bond ETF by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock worth $1,613,332,000 after buying an additional 1,003,475 shares during the period. Finally, Creative Planning lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 3.2% during the second quarter. Creative Planning now owns 25,601,034 shares of the company’s stock worth $1,282,868,000 after buying an additional 796,659 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of Vanguard Tax-Exempt Bond ETF stock opened at $50.56 on Friday. Vanguard Tax-Exempt Bond ETF has a 1 year low of $49.31 and a 1 year high of $51.17. The company’s fifty day simple moving average is $50.66 and its 200-day simple moving average is $50.47.

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.