MCF Advisors LLC Decreases Stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

MCF Advisors LLC cut its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 84.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,089 shares of the company’s stock after selling 22,314 shares during the quarter. MCF Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $205,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VTEB. Sanctuary Advisors LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 2nd quarter valued at approximately $71,067,000. Charles Schwab Investment Management Inc. increased its holdings 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 buying an additional 1,003,475 shares during the last quarter. Franklin Resources Inc. raised its stake in 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 buying an additional 818,486 shares in the last quarter. Creative Planning lifted its holdings in Vanguard Tax-Exempt Bond ETF by 3.2% during the 2nd quarter. Creative Planning now owns 25,601,034 shares of the company’s stock worth $1,282,868,000 after buying an additional 796,659 shares during the last quarter. Finally, Astoria Strategic Wealth Inc. acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth about $33,647,000.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA VTEB opened at $50.03 on Thursday. The stock’s 50-day simple moving average is $50.36 and its 200-day simple moving average is $50.56. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $49.49 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.