Raymond James & Associates Acquires 75,969 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Raymond James & Associates raised its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 0.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 17,969,381 shares of the company’s stock after purchasing an additional 75,969 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for about 0.6% of Raymond James & Associates’ holdings, making the stock its 28th biggest position. Raymond James & Associates’ holdings in Vanguard Tax-Exempt Bond ETF were worth $918,595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in VTEB. TIAA Trust National Association boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 21.4% during the 2nd quarter. TIAA Trust National Association now owns 13,830,411 shares of the company’s stock worth $693,044,000 after buying an additional 2,441,163 shares during the period. Jane Street Group LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the first quarter worth approximately $82,895,000. Sanctuary Advisors LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the second quarter worth approximately $71,067,000. Charles Schwab Investment Advisory Inc. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 4.7% in the first quarter. Charles Schwab Investment Advisory Inc. now owns 29,485,963 shares of the company’s stock valued at $1,491,990,000 after purchasing an additional 1,333,540 shares during the last quarter. Finally, Creative Planning increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 3.2% during the second 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.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA:VTEB traded up $0.01 during mid-day trading on Friday, hitting $50.76. 2,241,019 shares of the stock were exchanged, compared to its average volume of 3,911,042. The firm’s 50-day simple moving average is $50.85 and its 200 day simple moving average is $50.40. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $47.14 and a fifty-two week high of $51.17.

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.