Glassman Wealth Services Decreases Stake in Vanguard Tax-Exempt Bond ETF $VTEB

Glassman Wealth Services cut its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 36.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,682 shares of the company’s stock after selling 53,631 shares during the period. Vanguard Tax-Exempt Bond ETF makes up about 0.6% of Glassman Wealth Services’ portfolio, making the stock its 15th biggest holding. Glassman Wealth Services’ holdings in Vanguard Tax-Exempt Bond ETF were worth $4,574,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VTEB. Rothschild Investment LLC increased its stake in Vanguard Tax-Exempt Bond ETF by 653.8% in the 4th quarter. Rothschild Investment LLC now owns 490 shares of the company’s stock worth $25,000 after acquiring an additional 425 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at approximately $25,000. Nepc LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at approximately $34,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the third quarter valued at $37,000. Finally, Global Trust Asset Management LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 117.6% in the first quarter. Global Trust Asset Management LLC now owns 925 shares of the company’s stock valued at $46,000 after purchasing an additional 500 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB opened at $50.27 on Tuesday. The company’s fifty day moving average is $50.27 and its 200 day moving average is $50.37. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $48.46 and a fifty-two week high of $51.18.

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.