Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Reaches New 52-Week High at $51.17

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) hit a new 52-week high during trading on Monday . The stock traded as high as $51.17 and last traded at $51.17, with a volume of 688243 shares traded. The stock had previously closed at $51.15.

Vanguard Tax-Exempt Bond ETF Price Performance

The company’s 50-day moving average price is $50.80 and its 200 day moving average price is $50.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Belpointe Asset Management LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 59.9% during the fourth quarter. Belpointe Asset Management LLC now owns 19,710 shares of the company’s stock worth $1,006,000 after acquiring an additional 7,382 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter worth approximately $855,000. Holderness Investments Co. purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter worth approximately $420,000. Trademark Financial Management LLC bought a new position in Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at approximately $611,000. Finally, Annex Advisory Services LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 399.0% during the fourth quarter. Annex Advisory Services LLC now owns 79,060 shares of the company’s stock valued at $4,036,000 after buying an additional 63,216 shares during the last quarter.

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.