Avid Wealth Partners LLC Sells 23,669 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Avid Wealth Partners LLC reduced its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 43.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,192 shares of the company’s stock after selling 23,669 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up approximately 0.8% of Avid Wealth Partners LLC’s investment portfolio, making the stock its 25th largest position. Avid Wealth Partners LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Eclectic Associates Inc. ADV lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 89.5% in the 3rd quarter. Eclectic Associates Inc. ADV now owns 50,860 shares of the company’s stock worth $2,547,000 after buying an additional 24,014 shares during the period. Allen Capital Group LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 178.5% in the third quarter. Allen Capital Group LLC now owns 25,362 shares of the company’s stock valued at $1,270,000 after acquiring an additional 16,255 shares in the last quarter. First Citizens Bank & Trust Co. lifted its stake in Vanguard Tax-Exempt Bond ETF by 1,681.1% in the third quarter. First Citizens Bank & Trust Co. now owns 594,111 shares of the company’s stock worth $29,747,000 after acquiring an additional 560,755 shares during the period. New York Life Investment Management LLC lifted its stake in Vanguard Tax-Exempt Bond ETF by 15.1% in the third quarter. New York Life Investment Management LLC now owns 856,096 shares of the company’s stock worth $42,865,000 after acquiring an additional 112,023 shares during the period. Finally, Benjamin Edwards Inc. grew its holdings in Vanguard Tax-Exempt Bond ETF by 12.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 112,667 shares of the company’s stock worth $5,641,000 after acquiring an additional 12,075 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA VTEB opened at $50.77 on Friday. Vanguard Tax-Exempt Bond ETF has a one year low of $47.02 and a one year high of $50.82. The company’s 50-day simple moving average is $50.43 and its two-hundred day simple moving average is $50.04.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a $0.1398 dividend. 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%.

Vanguard Tax-Exempt Bond ETF 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.