Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Hits New 52-Week High – Still a Buy?

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $50.93 and last traded at $50.9050, with a volume of 290879 shares trading hands. The stock had previously closed at $50.86.

Vanguard Tax-Exempt Bond ETF Trading Up 0.1%

The firm’s fifty day simple moving average is $50.49 and its 200 day simple moving average is $50.11.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a dividend of $0.1398 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.3%.

Institutional Trading of Vanguard Tax-Exempt Bond ETF

A number of large investors have recently added to or reduced their stakes in VTEB. JPMorgan Chase & Co. lifted its position in Vanguard Tax-Exempt Bond ETF by 39.8% during the second quarter. JPMorgan Chase & Co. now owns 108,048,493 shares of the company’s stock valued at $5,297,618,000 after purchasing an additional 30,774,028 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Vanguard Tax-Exempt Bond ETF by 2.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 36,651,506 shares of the company’s stock worth $1,843,204,000 after acquiring an additional 903,850 shares during the last quarter. Creative Planning lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 2.7% in the 2nd quarter. Creative Planning now owns 26,851,781 shares of the company’s stock valued at $1,316,543,000 after purchasing an additional 702,763 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 9.4% in the 4th quarter. Morgan Stanley now owns 25,172,743 shares of the company’s stock worth $1,265,937,000 after purchasing an additional 2,173,235 shares during the period. Finally, Raymond James Financial Inc. increased its position in shares of Vanguard Tax-Exempt Bond ETF by 10.8% during the 4th quarter. Raymond James Financial Inc. now owns 24,614,196 shares of the company’s stock valued at $1,237,835,000 after purchasing an additional 2,396,916 shares during the last quarter.

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.