Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Hits New 12-Month Low – Here’s Why

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $48.86 and last traded at $48.88, with a volume of 9424388 shares traded. The stock had previously closed at $48.95.

Vanguard Tax-Exempt Bond ETF Stock Performance

The stock has a 50 day simple moving average of $49.82 and a 200-day simple moving average of $50.13.

Institutional Trading of Vanguard Tax-Exempt Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 1,498.4% in the 1st quarter. Jane Street Group LLC now owns 187,400 shares of the company’s stock worth $9,299,000 after buying an additional 175,676 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 510.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,576 shares of the company’s stock valued at $175,000 after acquiring an additional 2,990 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 79.0% during the 2nd quarter. First Trust Advisors LP now owns 11,052 shares of the company’s stock valued at $542,000 after acquiring an additional 4,878 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the second quarter worth approximately $1,001,000. Finally, Main Street Financial Solutions LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 2.9% in the second quarter. Main Street Financial Solutions LLC now owns 47,957 shares of the company’s stock worth $2,351,000 after acquiring an additional 1,364 shares during the period.

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.