Fri Sep 20 08:12:55 UTC 2024: ## Hedge Funds Show Interest in Tax-Exempt Bonds: Edgestream Partners Invests in VTEB
**New York, NY** – Edgestream Partners L.P. has taken a new position in Vanguard Tax-Exempt Bond ETF (VTEB), purchasing 38,025 shares valued at $1,905,000 in the second quarter, according to Holdings Channel. This move comes alongside several other hedge funds adjusting their holdings in the ETF, indicating increasing interest in tax-exempt bonds.
Notable changes include Charles Schwab Investment Advisory Inc. increasing its stake in VTEB by 4.7% in the first quarter, now owning 29,485,963 shares worth $1,491,990,000. Creative Planning also boosted its holdings by 15.2% in the fourth quarter, reaching 24,754,352 shares valued at $1,263,710,000.
Other investors like Raymond James & Associates and TIAA Trust National Association also saw growth in their VTEB holdings in the second quarter, while Northern Trust Corp increased its position during the fourth quarter.
The Vanguard Tax-Exempt Bond ETF, launched in August 2015, tracks a market-weighted index of investment-grade debt issued by state and local governments and agencies. VTEB offers interest income that is exempt from US federal income tax and the Alternative Minimum Tax.
The stock opened at $51.04 on Friday, with a 50-day moving average of $50.70 and a 200-day moving average of $50.36. VTEB has a one-year low of $47.14 and a one-year high of $51.17.
Investors interested in learning more about hedge fund holdings in VTEB can visit HoldingsChannel.com for the latest 13F filings and insider trades.
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