Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Sees Large Volume Increase – Here’s Why

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) shares saw strong trading volume on Wednesday . Approximately 24,388,890 shares changed hands during mid-day trading, an increase of 190% from the previous session’s volume of 8,416,829 shares.The stock last traded at $48.2250 and had previously closed at $48.22.

Vanguard Tax-Exempt Bond ETF Stock Performance

The business has a 50 day simple moving average of $49.46 and a 200-day simple moving average of $49.97.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in Vanguard Tax-Exempt Bond ETF by 5.5% in the 4th quarter. JPMorgan Chase & Co. now owns 104,551,572 shares of the company’s stock worth $5,257,899,000 after buying an additional 5,461,346 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Vanguard Tax-Exempt Bond ETF by 2.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 36,651,506 shares of the company’s stock valued at $1,843,204,000 after acquiring an additional 903,850 shares during the last quarter. Wealthfront Advisers LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 3.1% during the first quarter. Wealthfront Advisers LLC now owns 24,913,759 shares of the company’s stock worth $1,242,947,000 after acquiring an additional 760,249 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 4.9% in the 1st quarter. Sei Investments Co. now owns 14,164,689 shares of the company’s stock worth $706,677,000 after acquiring an additional 659,339 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 4.9% in the 1st quarter. Bank of America Corp DE now owns 12,650,375 shares of the company’s stock worth $631,127,000 after acquiring an additional 594,110 shares during the last quarter.

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.