Hennion & Walsh Asset Management Inc. Cuts Stock Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Hennion & Walsh Asset Management Inc. lessened its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 24.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,859 shares of the company’s stock after selling 14,791 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $2,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter worth about $29,000. Capital Analysts LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 138.7% during the fourth quarter. Capital Analysts LLC now owns 647 shares of the company’s stock worth $33,000 after acquiring an additional 376 shares during the last quarter. Trust Co. of Vermont purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter worth about $37,000. Planned Solutions Inc. purchased a new stake in Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at approximately $45,000. Finally, Eagle Bay Advisors LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at approximately $46,000.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA VTEB traded down $0.16 during trading hours on Friday, reaching $50.11. The stock had a trading volume of 3,389,839 shares, compared to its average volume of 4,150,291. The stock has a fifty day moving average of $50.04 and a 200 day moving average of $50.42. Vanguard Tax-Exempt Bond ETF has a 52-week low of $47.14 and a 52-week high of $51.15.

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.