Waverly Advisors LLC Cuts Stake in Vanguard Tax-Exempt Bond ETF $VTEB

Waverly Advisors LLC lowered its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 17.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 536,744 shares of the company’s stock after selling 116,905 shares during the quarter. Waverly Advisors LLC owned 0.06% of Vanguard Tax-Exempt Bond ETF worth $27,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in VTEB. JPMorgan Chase & Co. boosted its position in Vanguard Tax-Exempt Bond ETF by 5.5% in the fourth quarter. JPMorgan Chase & Co. now owns 104,551,572 shares of the company’s stock worth $5,257,899,000 after purchasing an additional 5,461,346 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Vanguard Tax-Exempt Bond ETF by 2.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 36,651,506 shares of the company’s stock worth $1,843,204,000 after buying an additional 903,850 shares in the last quarter. Morgan Stanley raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 9.4% in the fourth quarter. Morgan Stanley now owns 25,172,743 shares of the company’s stock worth $1,265,937,000 after buying an additional 2,173,235 shares during the period. Wealthfront Advisers LLC lifted its holdings in Vanguard Tax-Exempt Bond ETF by 3.1% during the first quarter. Wealthfront Advisers LLC now owns 24,913,759 shares of the company’s stock valued at $1,242,947,000 after purchasing an additional 760,249 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in Vanguard Tax-Exempt Bond ETF by 10.8% during the fourth quarter. Raymond James Financial Inc. now owns 24,614,196 shares of the company’s stock valued at $1,237,835,000 after acquiring an additional 2,396,916 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of VTEB stock traded down $0.01 during mid-day trading on Tuesday, hitting $48.87. The company had a trading volume of 11,962,704 shares, compared to its average volume of 7,778,888. The stock’s 50 day moving average price is $49.78 and its 200-day moving average price is $50.12. Vanguard Tax-Exempt Bond ETF has a 52-week low of $48.83 and a 52-week high of $51.18.

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.