Blume Capital Management Inc. Sells 89,975 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Blume Capital Management Inc. trimmed its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 58.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,600 shares of the company’s stock after selling 89,975 shares during the quarter. Blume Capital Management Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,235,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth about $28,000. Lowe Wealth Advisors LLC acquired a new position in Vanguard Tax-Exempt Bond ETF in the third quarter valued at about $29,000. Sound Income Strategies LLC grew its stake in Vanguard Tax-Exempt Bond ETF by 1,500.0% during the third quarter. Sound Income Strategies LLC now owns 832 shares of the company’s stock worth $42,000 after buying an additional 780 shares during the last quarter. Bogart Wealth LLC increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 41.9% during the third quarter. Bogart Wealth LLC now owns 945 shares of the company’s stock worth $47,000 after buying an additional 279 shares in the last quarter. Finally, Avalon Trust Co acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the second quarter worth approximately $49,000.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of VTEB opened at $50.65 on Monday. Vanguard Tax-Exempt Bond ETF has a one year low of $47.02 and a one year high of $50.68. The business’s 50 day simple moving average is $50.39 and its 200-day simple moving average is $50.00.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders 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.