Grove Bank & Trust Cuts Holdings in Vanguard Tax-Exempt Bond ETF $VTEB

Grove Bank & Trust trimmed its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 4.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 274,556 shares of the company’s stock after selling 13,040 shares during the period. Vanguard Tax-Exempt Bond ETF comprises 1.6% of Grove Bank & Trust’s investment portfolio, making the stock its 13th biggest position. Grove Bank & Trust’s holdings in Vanguard Tax-Exempt Bond ETF were worth $13,747,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of VTEB. JPMorgan Chase & Co. grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 39.8% in the second quarter. JPMorgan Chase & Co. now owns 108,048,493 shares of the company’s stock valued at $5,297,618,000 after acquiring an additional 30,774,028 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in Vanguard Tax-Exempt Bond ETF by 87.6% during the second quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock worth $363,056,000 after acquiring an additional 3,458,654 shares during the period. Sei Investments Co. grew its stake in Vanguard Tax-Exempt Bond ETF by 30.6% in the 2nd quarter. Sei Investments Co. now owns 13,204,759 shares of the company’s stock valued at $647,430,000 after purchasing an additional 3,094,388 shares during the period. Laurel Wealth Advisors LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 4,903.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,984,861 shares of the company’s stock valued at $97,318,000 after purchasing an additional 1,945,188 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Vanguard Tax-Exempt Bond ETF by 2.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 34,497,385 shares of the company’s stock valued at $1,711,760,000 after purchasing an additional 857,098 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA:VTEB opened at $50.23 on Tuesday. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $47.02 and a fifty-two week high of $50.68. The company’s 50-day moving average is $50.37 and its 200 day moving average is $49.55.

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.