Concorde Asset Management LLC Lowers Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Concorde Asset Management LLC decreased its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 7.9% during the 3rd quarter, Holdings Channel reports. The fund owned 6,628 shares of the company’s stock after selling 572 shares during the quarter. Concorde Asset Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $339,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in VTEB. Charles Schwab Investment Management Inc. boosted its holdings in Vanguard Tax-Exempt Bond ETF by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock worth $1,613,332,000 after buying an additional 1,003,475 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 4.0% in the third quarter. Thompson Siegel & Walmsley LLC now owns 999,371 shares of the company’s stock valued at $51,088,000 after purchasing an additional 38,136 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 9.5% in the third quarter. LPL Financial LLC now owns 4,990,070 shares of the company’s stock valued at $255,092,000 after purchasing an additional 433,676 shares in the last quarter. Steele Capital Management Inc. lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 13.6% in the third quarter. Steele Capital Management Inc. now owns 25,105 shares of the company’s stock valued at $1,283,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Silver Oak Advisory Group Inc. lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1.3% in the third quarter. Silver Oak Advisory Group Inc. now owns 238,903 shares of the company’s stock valued at $12,212,000 after purchasing an additional 3,127 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA:VTEB opened at $50.56 on Friday. The firm has a 50 day simple moving average of $50.67 and a 200-day simple moving average of $50.47. Vanguard Tax-Exempt Bond ETF has a 1-year low of $49.31 and a 1-year high of $51.17.

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.