Miracle Mile Advisors LLC Has $2.64 Million Stock Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Miracle Mile Advisors LLC lowered its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 3.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,100 shares of the company’s stock after selling 1,999 shares during the period. Miracle Mile Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $2,636,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in VTEB. MGO Private Wealth LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 25.6% during the first quarter. MGO Private Wealth LLC now owns 43,321 shares of the company’s stock valued at $2,192,000 after acquiring an additional 8,828 shares during the last quarter. Fifth Third Securities Inc. raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 14.8% during the first quarter. Fifth Third Securities Inc. now owns 46,699 shares of the company’s stock valued at $2,363,000 after acquiring an additional 6,029 shares during the last quarter. Scott Capital Advisors LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 15.6% during the first quarter. Scott Capital Advisors LLC now owns 10,177 shares of the company’s stock valued at $510,000 after acquiring an additional 1,372 shares during the last quarter. SteelPeak Wealth LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 63.4% during the first quarter. SteelPeak Wealth LLC now owns 69,707 shares of the company’s stock valued at $3,527,000 after acquiring an additional 27,056 shares during the last quarter. Finally, Breakwater Capital Group raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 1.2% during the first quarter. Breakwater Capital Group now owns 47,162 shares of the company’s stock valued at $2,386,000 after acquiring an additional 540 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Down 0.3 %

VTEB stock opened at $49.95 on Tuesday. The company has a fifty day moving average price of $50.04 and a 200-day moving average price of $50.41. Vanguard Tax-Exempt Bond ETF has a 52-week low of $47.14 and a 52-week high of $51.15.

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.