Penney Financial LLC Cuts Stock Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Penney Financial LLC trimmed its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 6.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 26,530 shares of the company’s stock after selling 1,905 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for about 0.9% of Penney Financial LLC’s holdings, making the stock its 13th biggest holding. Penney Financial LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,356,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in VTEB. Capasso Planning Partners LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 41.3% in the third quarter. Capasso Planning Partners LLC now owns 23,696 shares of the company’s stock valued at $1,211,000 after purchasing an additional 6,926 shares during the last quarter. Beaird Harris Wealth Management LLC lifted its holdings in Vanguard Tax-Exempt Bond ETF by 6.3% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 949,499 shares of the company’s stock worth $48,538,000 after buying an additional 56,472 shares during the period. Franklin Resources Inc. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 18.2% in the 3rd quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock worth $269,411,000 after buying an additional 818,486 shares during the last quarter. Synovus Financial Corp lifted its stake in Vanguard Tax-Exempt Bond ETF by 102.3% in the third quarter. Synovus Financial Corp now owns 18,876 shares of the company’s stock worth $965,000 after acquiring an additional 9,543 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Vanguard Tax-Exempt Bond ETF in the third quarter valued at $949,000.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of Vanguard Tax-Exempt Bond ETF stock opened at $50.15 on Tuesday. The company’s fifty day simple moving average is $50.48 and its two-hundred day simple moving average is $50.59. Vanguard Tax-Exempt Bond ETF has a 12-month low of $49.54 and a 12-month high of $51.17.

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.