Capital Investment Advisors LLC Lowers Position in Vanguard Tax-Exempt Bond ETF $VTEB

Capital Investment Advisors LLC cut its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 4.2% in the second quarter, HoldingsChannel.com reports. The firm owned 10,064 shares of the company’s stock after selling 439 shares during the quarter. Capital Investment Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $493,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Valley National Advisers Inc. purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the 1st quarter worth $25,000. Fairway Wealth LLC acquired a new position in Vanguard Tax-Exempt Bond ETF during the 1st quarter worth about $27,000. IMG Wealth Management Inc. acquired a new position in Vanguard Tax-Exempt Bond ETF during the 1st quarter worth about $27,000. Wolff Wiese Magana LLC lifted its stake in Vanguard Tax-Exempt Bond ETF by 56.8% during the 2nd quarter. Wolff Wiese Magana LLC now owns 596 shares of the company’s stock worth $29,000 after acquiring an additional 216 shares in the last quarter. Finally, Rossby Financial LCC acquired a new position in Vanguard Tax-Exempt Bond ETF during the 1st quarter worth about $35,000.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB opened at $49.99 on Friday. The stock’s 50-day moving average price is $49.31 and its 200 day moving average price is $49.04. Vanguard Tax-Exempt Bond ETF has a 12-month low of $47.02 and a 12-month high of $51.11.

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.