Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Reaches New 12-Month Low – Time to Sell?

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEBGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $48.16 and last traded at $48.3450, with a volume of 16681812 shares changing hands. The stock had previously closed at $48.27.

Vanguard Tax-Exempt Bond ETF Stock Performance

The stock has a 50-day moving average price of $49.42 and a two-hundred day moving average price of $49.95.

Institutional Trading of Vanguard Tax-Exempt Bond ETF

A number of large investors have recently added to or reduced their stakes in VTEB. JPMorgan Chase & Co. raised its stake in Vanguard Tax-Exempt Bond ETF by 5.5% during the fourth quarter. JPMorgan Chase & Co. now owns 104,551,572 shares of the company’s stock valued at $5,257,899,000 after purchasing an additional 5,461,346 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 131.5% in the 4th quarter. Corient Private Wealth LLC now owns 4,111,685 shares of the company’s stock worth $206,775,000 after buying an additional 2,335,633 shares in the last quarter. Align Financial LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter worth about $96,611,000. LPL Financial LLC increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 21.8% in the 4th quarter. LPL Financial LLC now owns 9,135,043 shares of the company’s stock worth $459,401,000 after buying an additional 1,637,385 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Vanguard Tax-Exempt Bond ETF by 2.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 36,651,506 shares of the company’s stock valued at $1,843,204,000 after buying an additional 903,850 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Company Profile

(Get Free Report)

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.

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