Keudell Morrison Wealth Management Sells 16,164 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Keudell Morrison Wealth Management reduced its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 25.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,838 shares of the company’s stock after selling 16,164 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Vanguard Tax-Exempt Bond ETF were worth $2,348,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in Vanguard Tax-Exempt Bond ETF by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock valued at $1,613,332,000 after purchasing an additional 1,003,475 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Vanguard Tax-Exempt Bond ETF by 18.2% in the third quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock valued at $269,411,000 after acquiring an additional 818,486 shares during the last quarter. Astoria Strategic Wealth Inc. bought a new stake in Vanguard Tax-Exempt Bond ETF during the third quarter worth about $33,647,000. Wealth Enhancement Advisory Services LLC grew its stake in Vanguard Tax-Exempt Bond ETF by 35.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,041,612 shares of the company’s stock valued at $104,367,000 after purchasing an additional 535,526 shares in the last quarter. Finally, One Wealth Advisors LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth approximately $23,802,000.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA VTEB opened at $50.21 on Friday. 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 50 day moving average of $50.32 and a 200-day moving average of $50.54.

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.