Franklin Resources Inc. Purchases 818,486 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Franklin Resources Inc. lifted its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 18.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,322,215 shares of the company’s stock after purchasing an additional 818,486 shares during the quarter. Franklin Resources Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $269,411,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Safe Harbor Fiduciary LLC purchased a new position in Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth $29,000. Bogart Wealth LLC increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 2,942.1% in the third quarter. Bogart Wealth LLC now owns 578 shares of the company’s stock worth $30,000 after buying an additional 559 shares during the period. Verus Capital Partners LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 2nd quarter valued at about $36,000. Abich Financial Wealth Management LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF during the 2nd quarter valued at about $41,000. Finally, Rise Advisors LLC grew its position in Vanguard Tax-Exempt Bond ETF by 235.1% during the 3rd quarter. Rise Advisors LLC now owns 1,099 shares of the company’s stock worth $56,000 after acquiring an additional 771 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Down 0.4 %

Shares of Vanguard Tax-Exempt Bond ETF stock opened at $50.50 on Friday. Vanguard Tax-Exempt Bond ETF has a one year low of $49.54 and a one year high of $51.17. The business’s 50 day simple moving average is $50.62 and its two-hundred day simple moving average is $50.56.

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.