Sei Investments Co. Trims Stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Sei Investments Co. cut its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,241,392 shares of the company’s stock after selling 378,064 shares during the period. Vanguard Tax-Exempt Bond ETF makes up 0.7% of Sei Investments Co.’s portfolio, making the stock its 17th largest holding. Sei Investments Co. owned about 1.60% of Vanguard Tax-Exempt Bond ETF worth $513,195,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. King Luther Capital Management Corp lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 1.0% during the 2nd quarter. King Luther Capital Management Corp now owns 123,852 shares of the company’s stock worth $6,206,000 after acquiring an additional 1,190 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Vanguard Tax-Exempt Bond ETF by 23.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 56,190 shares of the company’s stock valued at $2,815,000 after buying an additional 10,855 shares during the period. Retirement Investment Advisors Inc. bought a new position in Vanguard Tax-Exempt Bond ETF in the 2nd quarter worth about $4,203,000. Independent Advisor Alliance increased its position in shares of Vanguard Tax-Exempt Bond ETF by 12.7% during the second quarter. Independent Advisor Alliance now owns 1,081,781 shares of the company’s stock worth $54,208,000 after acquiring an additional 122,321 shares during the period. Finally, Concorde Asset Management LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the second quarter valued at approximately $361,000.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB stock opened at $51.04 on Friday. The firm has a 50-day simple moving average of $50.71 and a two-hundred day simple moving average of $50.37. Vanguard Tax-Exempt Bond ETF has a one year low of $47.14 and a one year 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.