Keudell Morrison Wealth Management Has $3.22 Million Stock Holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Keudell Morrison Wealth Management trimmed its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 11.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,002 shares of the company’s stock after selling 8,140 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up about 0.9% of Keudell Morrison Wealth Management’s portfolio, making the stock its 24th biggest holding. Keudell Morrison Wealth Management’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in VTEB. Bogart Wealth LLC lifted its stake in Vanguard Tax-Exempt Bond ETF by 2,942.1% in the 3rd quarter. Bogart Wealth LLC now owns 578 shares of the company’s stock valued at $30,000 after purchasing an additional 559 shares during the last quarter. Verus Capital Partners LLC bought a new stake in Vanguard Tax-Exempt Bond ETF in the second quarter valued at approximately $36,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the second quarter valued at approximately $41,000. City State Bank bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the 2nd quarter worth approximately $50,000. Finally, Rise Advisors LLC increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 235.1% during the 3rd quarter. Rise Advisors LLC now owns 1,099 shares of the company’s stock worth $56,000 after acquiring an additional 771 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Up 0.4 %

VTEB traded up $0.20 during trading hours on Thursday, reaching $50.01. The company’s stock had a trading volume of 417,241 shares, compared to its average volume of 3,986,541. The company’s 50-day moving average is $50.75 and its 200-day moving average is $50.43. Vanguard Tax-Exempt Bond ETF has a 52 week low of $48.44 and a 52 week high of $51.17.

Vanguard Tax-Exempt Bond ETF Company 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.