Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Sets New 12-Month High – Still a Buy?

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $51.08 and last traded at $51.06, with a volume of 3784858 shares changing hands. The stock had previously closed at $51.03.

Vanguard Tax-Exempt Bond ETF Price Performance

The firm has a fifty day moving average of $50.55 and a 200 day moving average of $50.18.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

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

Institutional Investors Weigh In On Vanguard Tax-Exempt Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Eclectic Associates Inc. ADV raised its position in Vanguard Tax-Exempt Bond ETF by 89.5% during the 3rd quarter. Eclectic Associates Inc. ADV now owns 50,860 shares of the company’s stock valued at $2,547,000 after purchasing an additional 24,014 shares in the last quarter. Allen Capital Group LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 178.5% during the third quarter. Allen Capital Group LLC now owns 25,362 shares of the company’s stock valued at $1,270,000 after buying an additional 16,255 shares during the period. First Citizens Bank & Trust Co. increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 1,681.1% during the third quarter. First Citizens Bank & Trust Co. now owns 594,111 shares of the company’s stock valued at $29,747,000 after buying an additional 560,755 shares during the period. New York Life Investment Management LLC raised its holdings in shares of 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 valued at $42,865,000 after acquiring an additional 112,023 shares in the last quarter. Finally, Compound Planning Inc. lifted its stake in Vanguard Tax-Exempt Bond ETF by 16.2% in the third quarter. Compound Planning Inc. now owns 333,192 shares of the company’s stock worth $16,683,000 after acquiring an additional 46,505 shares during the period.

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.