Baker Avenue Asset Management LP Purchases 10,287 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Baker Avenue Asset Management LP increased its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 16.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 73,593 shares of the company’s stock after acquiring an additional 10,287 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,762,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of VTEB. Oppenheimer & Co. Inc. grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 55.3% during the first quarter. Oppenheimer & Co. Inc. now owns 8,734 shares of the company’s stock valued at $442,000 after purchasing an additional 3,110 shares during the last quarter. Headlands Technologies LLC acquired a new position in Vanguard Tax-Exempt Bond ETF in the first quarter valued at approximately $550,000. Avantax Advisory Services Inc. lifted its holdings in Vanguard Tax-Exempt Bond ETF by 9.7% in the first quarter. Avantax Advisory Services Inc. now owns 82,611 shares of the company’s stock valued at $4,180,000 after buying an additional 7,289 shares during the period. Neumann Capital Management LLC lifted its holdings in Vanguard Tax-Exempt Bond ETF by 1.2% in the first quarter. Neumann Capital Management LLC now owns 50,550 shares of the company’s stock valued at $2,558,000 after buying an additional 600 shares during the period. Finally, Bleakley Financial Group LLC lifted its holdings in Vanguard Tax-Exempt Bond ETF by 3.9% in the first quarter. Bleakley Financial Group LLC now owns 1,442,694 shares of the company’s stock valued at $73,000,000 after buying an additional 53,732 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA VTEB opened at $50.54 on Monday. The company’s 50 day simple moving average is $50.73 and its 200 day simple moving average is $50.44. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $48.44 and a fifty-two week 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.