LVW Advisors LLC Sells 75,994 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

LVW Advisors LLC trimmed its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 74.9% in the 4th quarter, HoldingsChannel reports. The firm owned 25,446 shares of the company’s stock after selling 75,994 shares during the quarter. LVW Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,276,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its stake in Vanguard Tax-Exempt Bond ETF by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock worth $1,613,332,000 after purchasing an additional 1,003,475 shares during the period. Creative Planning boosted its stake in Vanguard Tax-Exempt Bond ETF by 3.2% in the 2nd quarter. Creative Planning now owns 25,601,034 shares of the company’s stock worth $1,282,868,000 after purchasing an additional 796,659 shares during the period. Raymond James & Associates boosted its stake in Vanguard Tax-Exempt Bond ETF by 0.4% in the 3rd quarter. Raymond James & Associates now owns 17,969,381 shares of the company’s stock worth $918,595,000 after purchasing an additional 75,969 shares during the period. Franklin Resources Inc. boosted its stake in Vanguard Tax-Exempt Bond ETF by 18.2% in the 3rd quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock worth $269,411,000 after purchasing an additional 818,486 shares during the period. Finally, LPL Financial LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 9.5% in the 3rd quarter. LPL Financial LLC now owns 4,990,070 shares of the company’s stock worth $255,092,000 after purchasing an additional 433,676 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB stock opened at $49.94 on Monday. Vanguard Tax-Exempt Bond ETF has a 1-year low of $49.49 and a 1-year high of $51.17. The business has a 50 day simple moving average of $50.38 and a two-hundred day simple moving average of $50.56.

Vanguard Tax-Exempt Bond ETF 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.