Kestra Investment Management LLC Decreases Stock Position in Vanguard Tax-Exempt Bond ETF $VTEB

Kestra Investment Management LLC lessened its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 793,054 shares of the company’s stock after selling 66,918 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises 1.0% of Kestra Investment Management LLC’s holdings, making the stock its 29th largest position. Kestra Investment Management LLC owned 0.09% of Vanguard Tax-Exempt Bond ETF worth $39,883,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VTEB. JPL Wealth Management LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the third quarter valued at approximately $25,000. United Financial Planning Group LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the third quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the third quarter valued at approximately $37,000. Ransom Advisory Ltd purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at approximately $50,000. Finally, Rossmore Private Capital purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at approximately $50,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA VTEB opened at $49.88 on Tuesday. The stock’s 50 day simple moving average is $50.11 and its 200-day simple moving average is $50.35. Vanguard Tax-Exempt Bond ETF has a 1-year low of $48.46 and a 1-year high of $51.18.

Vanguard Tax-Exempt Bond ETF Company Profile

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.