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

Keudell Morrison Wealth Management trimmed its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 25.7% in the fourth quarter, HoldingsChannel reports. The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of VTEB. AQR Capital Management LLC acquired a new position in Vanguard Tax-Exempt Bond ETF in the 2nd quarter valued at $516,000. B. Riley Wealth Advisors Inc. boosted its holdings in Vanguard Tax-Exempt Bond ETF by 39.8% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 23,138 shares of the company’s stock valued at $1,159,000 after purchasing an additional 6,587 shares during the period. Truist Financial Corp grew its position in shares of Vanguard Tax-Exempt Bond ETF by 7.5% during the 2nd quarter. Truist Financial Corp now owns 554,566 shares of the company’s stock worth $27,789,000 after purchasing an additional 38,549 shares in the last quarter. Heritage Wealth Management Inc. acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the second quarter valued at approximately $380,000. Finally, Passive Capital Management LLC. boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 0.3% in the second quarter. Passive Capital Management LLC. now owns 681,740 shares of the company’s stock valued at $34,162,000 after buying an additional 2,091 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA:VTEB opened at $50.21 on Friday. The business’s 50 day simple moving average is $50.32 and its 200 day simple moving average is $50.54. Vanguard Tax-Exempt Bond ETF has a 1 year low of $49.49 and a 1 year 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.