Penobscot Wealth Management Sells 533 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Penobscot Wealth Management reduced its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 8.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,860 shares of the company’s stock after selling 533 shares during the period. Penobscot Wealth Management’s holdings in Vanguard Tax-Exempt Bond ETF were worth $299,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Meridian Wealth Management LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 231.5% during the third quarter. Meridian Wealth Management LLC now owns 19,637 shares of the company’s stock valued at $945,000 after purchasing an additional 13,713 shares in the last quarter. Private Trust Co. NA boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 455.3% during the third quarter. Private Trust Co. NA now owns 20,740 shares of the company’s stock valued at $998,000 after purchasing an additional 17,005 shares in the last quarter. Coastline Trust Co boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 15.9% during the third quarter. Coastline Trust Co now owns 15,229 shares of the company’s stock valued at $733,000 after purchasing an additional 2,089 shares in the last quarter. Galvin Gaustad & Stein LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 3.7% during the third quarter. Galvin Gaustad & Stein LLC now owns 81,740 shares of the company’s stock valued at $3,932,000 after purchasing an additional 2,895 shares in the last quarter. Finally, Trinity Financial Advisors LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 30.0% during the third quarter. Trinity Financial Advisors LLC now owns 45,436 shares of the company’s stock valued at $2,185,000 after acquiring an additional 10,479 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Down 0.3 %

NYSEARCA:VTEB traded down $0.14 during midday trading on Thursday, reaching $49.77. 5,814,408 shares of the stock traded hands, compared to its average volume of 4,165,127. Vanguard Tax-Exempt Bond ETF has a 12-month low of $47.14 and a 12-month high of $51.15. The business has a 50-day moving average of $50.43 and a two-hundred day moving average of $49.98.

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.