Pinnacle Associates Ltd. Has $3.18 Million Stock Holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Pinnacle Associates Ltd. boosted its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 7.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,465 shares of the company’s stock after buying an additional 4,632 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,180,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in VTEB. Charles Schwab Investment Advisory Inc. raised its position in shares of Vanguard Tax-Exempt Bond ETF by 4.7% in the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 29,485,963 shares of the company’s stock worth $1,491,990,000 after acquiring an additional 1,333,540 shares in the last quarter. Creative Planning lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 15.2% during the 4th quarter. Creative Planning now owns 24,754,352 shares of the company’s stock valued at $1,263,710,000 after acquiring an additional 3,258,212 shares during the period. Raymond James & Associates boosted its stake in Vanguard Tax-Exempt Bond ETF by 1.5% during the second quarter. Raymond James & Associates now owns 17,893,412 shares of the company’s stock worth $896,639,000 after acquiring an additional 255,949 shares in the last quarter. Northern Trust Corp increased its stake in Vanguard Tax-Exempt Bond ETF by 6.1% in the fourth quarter. Northern Trust Corp now owns 11,720,572 shares of the company’s stock valued at $598,335,000 after purchasing an additional 672,087 shares in the last quarter. Finally, TIAA Trust National Association increased its stake in Vanguard Tax-Exempt Bond ETF by 4.2% in the first quarter. TIAA Trust National Association now owns 11,389,248 shares of the company’s stock valued at $576,296,000 after purchasing an additional 455,925 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of VTEB stock traded down $0.06 on Friday, reaching $50.66. 2,601,600 shares of the company were exchanged, compared to its average volume of 4,019,859. The company has a 50-day moving average of $50.50 and a 200-day moving average of $50.34. Vanguard Tax-Exempt Bond ETF has a one year low of $47.14 and a one year high of $51.15.

Vanguard Tax-Exempt Bond ETF 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.