Bear Mountain Capital Inc. Acquires New Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Bear Mountain Capital Inc. acquired a new stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,428 shares of the company’s stock, valued at approximately $632,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Glassy Mountain Advisors Inc. increased its position in shares of Vanguard Tax-Exempt Bond ETF by 26.2% during the fourth quarter. Glassy Mountain Advisors Inc. now owns 34,187 shares of the company’s stock valued at $1,745,000 after buying an additional 7,087 shares during the period. DHJJ Financial Advisors Ltd. increased its position in shares of Vanguard Tax-Exempt Bond ETF by 145,510.0% during the fourth quarter. DHJJ Financial Advisors Ltd. now owns 14,561 shares of the company’s stock valued at $743,000 after buying an additional 14,551 shares during the period. Grand Wealth Management LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 2.9% during the fourth quarter. Grand Wealth Management LLC now owns 40,472 shares of the company’s stock valued at $2,066,000 after buying an additional 1,156 shares during the period. Simplicity Solutions LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 2.6% during the fourth quarter. Simplicity Solutions LLC now owns 1,392,376 shares of the company’s stock valued at $71,081,000 after buying an additional 35,314 shares during the period. Finally, NewEdge Wealth LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter valued at about $4,062,000.

Vanguard Tax-Exempt Bond ETF Trading Up 0.3 %

Shares of VTEB traded up $0.17 during midday trading on Friday, hitting $50.07. 4,057,134 shares of the company traded hands, compared to its average volume of 4,122,268. The stock has a 50-day moving average of $50.53 and a 200-day moving average of $49.86. Vanguard Tax-Exempt Bond ETF has a one year low of $47.14 and a one year high of $51.15.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were given a $0.1279 dividend. The ex-dividend date was Monday, April 1st.

About Vanguard Tax-Exempt Bond ETF

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.