Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Sets New 1-Year High – Still a Buy?

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) reached a new 52-week high on Friday . The stock traded as high as $50.92 and last traded at $50.8750, with a volume of 2236044 shares changing hands. The stock had previously closed at $50.77.

Vanguard Tax-Exempt Bond ETF Stock Performance

The stock has a 50-day moving average of $50.43 and a 200 day moving average of $50.04.

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 issued a $0.1398 dividend. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Trading of Vanguard Tax-Exempt Bond ETF

Several hedge funds have recently modified their holdings of VTEB. PFG Investments LLC grew its holdings in Vanguard Tax-Exempt Bond ETF by 1.3% during the fourth quarter. PFG Investments LLC now owns 15,902 shares of the company’s stock worth $800,000 after acquiring an additional 198 shares during the period. Quantum Financial Planning Services Inc. boosted its position in Vanguard Tax-Exempt Bond ETF by 2.1% during the fourth quarter. Quantum Financial Planning Services Inc. now owns 9,559 shares of the company’s stock worth $481,000 after purchasing an additional 199 shares in the last quarter. James Investment Research Inc. grew its holdings in Vanguard Tax-Exempt Bond ETF by 0.7% in the third quarter. James Investment Research Inc. now owns 29,033 shares of the company’s stock valued at $1,454,000 after purchasing an additional 200 shares during the last quarter. Jordan Park Trust Co LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 1.8% in the fourth quarter. Jordan Park Trust Co LLC now owns 11,604 shares of the company’s stock valued at $584,000 after buying an additional 200 shares in the last quarter. Finally, Bridgewealth Advisory Group LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 4.1% during the 4th quarter. Bridgewealth Advisory Group LLC now owns 5,114 shares of the company’s stock worth $257,000 after buying an additional 200 shares during the last quarter.

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.