Sat Sep 28 19:06:18 UTC 2024: ## Hedge Funds Show Interest in Vanguard Tax-Exempt Bond ETF (VTEB)

Several hedge funds have significantly increased their holdings in the Vanguard Tax-Exempt Bond ETF (VTEB) in recent quarters, indicating a growing interest in the investment.

Daymark Wealth Partners LLC led the charge, boosting its stake by a whopping 90.8% in the second quarter, bringing its total investment to $1,007,000. Other notable increases include Creative Planning, which lifted its position by 15.2% in the fourth quarter, and TIAA Trust National Association, which raised its stake by 21.4% in the second quarter.

The Vanguard Tax-Exempt Bond ETF (VTEB) is an exchange-traded fund that invests primarily in investment-grade fixed income. The fund tracks a market-weighted index of investment-grade debt issued by state and local governments and agencies. One key advantage of VTEB is its tax-exempt interest, which is exempt from both US income tax and the Alternative Minimum Tax (AMT).

The fund was launched on August 21, 2015, and is managed by Vanguard.

VTEB opened at $51.15 on Friday, with its 50-day moving average at $50.76 and its 200-day moving average at $50.37. The fund has a 12-month low of $47.14 and a 12-month high of $51.17.

For those interested in seeing which other hedge funds hold VTEB, HoldingsChannel.com provides the latest 13F filings and insider trades for the ETF.

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