Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Sees Unusually-High Trading Volume – Still a Buy?

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) shares saw an uptick in trading volume on Wednesday . 13,615,828 shares changed hands during mid-day trading, an increase of 182% from the previous session’s volume of 4,832,815 shares.The stock last traded at $47.49 and had previously closed at $48.23.

Vanguard Tax-Exempt Bond ETF Stock Performance

The firm’s 50 day simple moving average is $49.83 and its 200 day simple moving average is $50.22.

Hedge Funds Weigh In On Vanguard Tax-Exempt Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Oarsman Capital Inc. purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at approximately $28,000. Nemes Rush Group LLC lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 1,238.3% in the 4th quarter. Nemes Rush Group LLC now owns 629 shares of the company’s stock valued at $32,000 after purchasing an additional 582 shares during the last quarter. Mascagni Wealth Management Inc. purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter worth $34,000. Advantage Trust Co purchased a new stake in Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at about $42,000. Finally, Cromwell Holdings LLC acquired a new position in Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at about $48,000.

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.