Hanson & Doremus Investment Management Trims Holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Hanson & Doremus Investment Management lowered its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 17.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 87,298 shares of the company’s stock after selling 18,393 shares during the period. Vanguard Tax-Exempt Bond ETF makes up approximately 0.7% of Hanson & Doremus Investment Management’s investment portfolio, making the stock its 25th largest position. Hanson & Doremus Investment Management’s holdings in Vanguard Tax-Exempt Bond ETF were worth $4,376,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Foster & Motley Inc. lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 9.4% during the fourth quarter. Foster & Motley Inc. now owns 265,416 shares of the company’s stock worth $13,305,000 after purchasing an additional 22,854 shares in the last quarter. Manning & Napier Advisors LLC lifted its holdings in Vanguard Tax-Exempt Bond ETF by 9.7% during the 4th quarter. Manning & Napier Advisors LLC now owns 536,027 shares of the company’s stock worth $26,871,000 after buying an additional 47,206 shares in the last quarter. Allen Capital Group LLC boosted its position in Vanguard Tax-Exempt Bond ETF by 4.0% in the 4th quarter. Allen Capital Group LLC now owns 5,971 shares of the company’s stock valued at $299,000 after buying an additional 227 shares during the period. HT Partners LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter worth $11,047,000. Finally, Foster Victor Wealth Advisors LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 2.8% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 303,732 shares of the company’s stock worth $15,168,000 after acquiring an additional 8,350 shares during the period.

Vanguard Tax-Exempt Bond ETF Trading Down 0.1 %

NYSEARCA:VTEB opened at $50.12 on Thursday. Vanguard Tax-Exempt Bond ETF has a 12-month low of $49.49 and a 12-month high of $51.17. The stock has a fifty day moving average price of $50.32 and a 200 day moving average price of $50.55.

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.