Steph & Co. Lowers Holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Steph & Co. reduced its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 7.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 69,048 shares of the company’s stock after selling 5,774 shares during the period. Vanguard Tax-Exempt Bond ETF makes up approximately 1.2% of Steph & Co.’s portfolio, making the stock its 17th biggest holding. Steph & Co.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,461,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Safe Harbor Fiduciary LLC purchased a new position in Vanguard Tax-Exempt Bond ETF during the third quarter valued at approximately $29,000. Bogart Wealth LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 2,942.1% during the 3rd quarter. Bogart Wealth LLC now owns 578 shares of the company’s stock worth $30,000 after purchasing an additional 559 shares during the period. Abich Financial Wealth Management LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the 2nd quarter valued at approximately $41,000. Rise Advisors LLC lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 235.1% in the 3rd quarter. Rise Advisors LLC now owns 1,099 shares of the company’s stock valued at $56,000 after purchasing an additional 771 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC boosted its holdings in Vanguard Tax-Exempt Bond ETF by 131.4% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 1,141 shares of the company’s stock worth $58,000 after buying an additional 648 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA:VTEB opened at $49.79 on Thursday. Vanguard Tax-Exempt Bond ETF has a 52 week low of $49.49 and a 52 week high of $51.17. The stock’s 50-day moving average price is $50.40 and its 200-day moving average price is $50.56.

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.