AQR Capital Management LLC Invests $516,000 in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

AQR Capital Management LLC acquired a new position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the second quarter, Holdings Channel.com reports. The firm acquired 10,296 shares of the company’s stock, valued at approximately $516,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VTEB. Charles Schwab Investment Advisory Inc. lifted its holdings in Vanguard Tax-Exempt Bond ETF by 4.7% during 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 in the last quarter. Raymond James & Associates increased its position 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 purchasing an additional 255,949 shares during the last quarter. TIAA Trust National Association increased its position in shares of Vanguard Tax-Exempt Bond ETF by 21.4% during the second quarter. TIAA Trust National Association now owns 13,830,411 shares of the company’s stock valued at $693,044,000 after acquiring an additional 2,441,163 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Vanguard Tax-Exempt Bond ETF by 5.7% during the second quarter. Envestnet Asset Management Inc. now owns 9,372,788 shares of the company’s stock valued at $469,670,000 after acquiring an additional 502,858 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of Vanguard Tax-Exempt Bond ETF by 12.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,639,228 shares of the company’s stock valued at $281,488,000 after acquiring an additional 640,552 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB stock opened at $50.62 on Tuesday. The company has a 50 day moving average price of $50.84 and a 200 day moving average price of $50.39. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $47.14 and a fifty-two week high of $51.17.

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.