Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Sees Large Volume Increase – Still a Buy?

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) saw unusually-strong trading volume on Thursday . Approximately 31,803,924 shares traded hands during mid-day trading, an increase of 300% from the previous session’s volume of 7,958,161 shares.The stock last traded at $48.2940 and had previously closed at $48.61.

Vanguard Tax-Exempt Bond ETF Price Performance

The stock’s 50-day simple moving average is $49.71 and its 200 day simple moving average is $50.09.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Rothschild Investment LLC lifted its stake in Vanguard Tax-Exempt Bond ETF by 653.8% during the fourth quarter. Rothschild Investment LLC now owns 490 shares of the company’s stock worth $25,000 after purchasing an additional 425 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth approximately $25,000. Nepc LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at $34,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at $37,000. Finally, Arlington Trust Co LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the 2nd quarter valued at $38,000.

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.