Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Sees Large Volume Increase – What’s Next?

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) saw unusually-strong trading volume on Tuesday. Approximately 34,416,221 shares were traded during trading, an increase of 214% from the previous session’s volume of 10,964,962 shares. The stock last traded at $47.5630 and had previously closed at $47.38.

Vanguard Tax-Exempt Bond ETF Trading Up 0.4%

The business has a 50-day moving average price of $48.65 and a 200 day moving average price of $49.63.

Institutional Investors Weigh In On Vanguard Tax-Exempt Bond ETF

Several large investors have recently bought and sold shares of VTEB. Arlington Trust Co LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the second quarter worth about $38,000. Global Trust Asset Management LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 117.6% in the 1st quarter. Global Trust Asset Management LLC now owns 925 shares of the company’s stock worth $46,000 after buying an additional 500 shares during the period. Legacy Wealth Managment LLC ID acquired a new position in Vanguard Tax-Exempt Bond ETF in the 1st quarter worth approximately $49,000. Trust Co. of Vermont acquired a new position in Vanguard Tax-Exempt Bond ETF in the 2nd quarter worth approximately $50,000. Finally, Asset Dedication LLC purchased a new position in Vanguard Tax-Exempt Bond ETF during the 1st quarter worth approximately $51,000.

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.