Cutler Investment Counsel LLC Lowers Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Cutler Investment Counsel LLC decreased its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 11.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,185 shares of the company’s stock after selling 640 shares during the quarter. Cutler Investment Counsel LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $265,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VTEB. Creative Planning increased its holdings in Vanguard Tax-Exempt Bond ETF by 3.2% in the 2nd quarter. Creative Planning now owns 25,601,034 shares of the company’s stock worth $1,282,868,000 after acquiring an additional 796,659 shares in the last quarter. Raymond James & Associates increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 0.4% in the third quarter. Raymond James & Associates now owns 17,969,381 shares of the company’s stock worth $918,595,000 after purchasing an additional 75,969 shares in the last quarter. TIAA Trust National Association raised its position in shares of Vanguard Tax-Exempt Bond ETF by 21.4% during the 2nd quarter. TIAA Trust National Association now owns 13,830,411 shares of the company’s stock valued at $693,044,000 after purchasing an additional 2,441,163 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Vanguard Tax-Exempt Bond ETF by 5.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 9,372,788 shares of the company’s stock valued at $469,670,000 after purchasing an additional 502,858 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in Vanguard Tax-Exempt Bond ETF by 12.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,639,228 shares of the company’s stock worth $281,488,000 after buying an additional 640,552 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Up 0.3 %

NYSEARCA VTEB traded up $0.15 during trading hours on Friday, reaching $50.53. The company’s stock had a trading volume of 5,448,186 shares, compared to its average volume of 4,068,609. Vanguard Tax-Exempt Bond ETF has a 1 year low of $49.00 and a 1 year high of $51.17. The firm’s 50-day moving average price is $50.70 and its 200-day moving average price is $50.45.

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.