AE Wealth Management LLC Sells 6,953 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

AE Wealth Management LLC cut its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 25.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,594 shares of the company’s stock after selling 6,953 shares during the period. AE Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,032,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. King Luther Capital Management Corp raised its holdings in Vanguard Tax-Exempt Bond ETF by 1.0% in the 2nd quarter. King Luther Capital Management Corp now owns 123,852 shares of the company’s stock valued at $6,206,000 after acquiring an additional 1,190 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Vanguard Tax-Exempt Bond ETF by 23.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 56,190 shares of the company’s stock worth $2,815,000 after purchasing an additional 10,855 shares during the period. Retirement Investment Advisors Inc. acquired a new position in Vanguard Tax-Exempt Bond ETF in the second quarter valued at about $4,203,000. Independent Advisor Alliance lifted its position in 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 purchasing an additional 122,321 shares during the period. Finally, Concorde Asset Management LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF during the second quarter worth about $361,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA:VTEB opened at $51.02 on Wednesday. The firm has a 50 day moving average of $50.74 and a 200-day moving average of $50.37. Vanguard Tax-Exempt Bond ETF has a 12 month low of $47.14 and a 12 month high of $51.17.

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.