Sinecera Capital LLC Invests $480,000 in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Sinecera Capital LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the 3rd quarter, Holdings Channel.com reports. The firm bought 9,389 shares of the company’s stock, valued at approximately $480,000. Vanguard Tax-Exempt Bond ETF comprises approximately 0.6% of Sinecera Capital LLC’s holdings, making the stock its 25th largest position.

A number of other institutional investors have also recently added to or reduced their stakes in VTEB. Charles Schwab Investment Advisory Inc. boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 4.7% in the first quarter. Charles Schwab Investment Advisory Inc. now owns 29,485,963 shares of the company’s stock valued at $1,491,990,000 after purchasing an additional 1,333,540 shares during the period. Creative Planning boosted its position in Vanguard Tax-Exempt Bond ETF by 3.2% in the 2nd quarter. Creative Planning now owns 25,601,034 shares of the company’s stock valued at $1,282,868,000 after buying an additional 796,659 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 1.5% in 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. TIAA Trust National Association boosted its holdings in Vanguard Tax-Exempt Bond ETF by 21.4% in the second quarter. TIAA Trust National Association now owns 13,830,411 shares of the company’s stock valued at $693,044,000 after purchasing an additional 2,441,163 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Vanguard Tax-Exempt Bond ETF by 5.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 9,372,788 shares of the company’s stock valued at $469,670,000 after purchasing an additional 502,858 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB stock traded down $0.10 during midday trading on Wednesday, hitting $50.71. 997,725 shares of the company’s stock were exchanged, compared to its average volume of 3,939,965. The firm has a 50 day moving average price of $50.85 and a 200-day moving average price of $50.39. Vanguard Tax-Exempt Bond ETF has a 12-month low of $47.14 and a 12-month high of $51.17.

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.