Cresset Asset Management LLC Has $3.36 Million Stock Holdings in Vanguard Tax-Exempt Bond ETF $VTEB

Cresset Asset Management LLC decreased its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 18.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,579 shares of the company’s stock after selling 15,548 shares during the quarter. Cresset Asset Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,362,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of VTEB. Vanguard Group Inc. grew its stake in Vanguard Tax-Exempt Bond ETF by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 3,770,215 shares of the company’s stock valued at $187,078,000 after buying an additional 270,058 shares during the last quarter. Deutsche Bank AG boosted its holdings in Vanguard Tax-Exempt Bond ETF by 6.0% during the first quarter. Deutsche Bank AG now owns 309,064 shares of the company’s stock valued at $15,336,000 after acquiring an additional 17,467 shares during the period. True North Advisors LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the first quarter valued at about $303,000. SouthState Corp acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the first quarter valued at about $938,000. Finally, First American Trust FSB increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 13.2% in the first quarter. First American Trust FSB now owns 77,409 shares of the company’s stock worth $3,841,000 after purchasing an additional 9,014 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA VTEB opened at $50.23 on Monday. The stock has a 50-day simple moving average of $50.34 and a 200 day simple moving average of $49.49. Vanguard Tax-Exempt Bond ETF has a twelve month low of $47.02 and a twelve month high of $51.09.

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.