Wealth Alliance Has $3.36 Million Stock Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Wealth Alliance increased its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 465.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 65,735 shares of the company’s stock after acquiring an additional 54,100 shares during the period. Wealth Alliance’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VTEB. HM Payson & Co. bought a new position in Vanguard Tax-Exempt Bond ETF during the third quarter worth about $32,000. Capital Analysts LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 138.7% during the 4th quarter. Capital Analysts LLC now owns 647 shares of the company’s stock valued at $33,000 after purchasing an additional 376 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at about $39,000. Planned Solutions Inc. bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at about $45,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1,612.5% during the 3rd quarter. Fifth Third Bancorp now owns 959 shares of the company’s stock valued at $46,000 after purchasing an additional 903 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Down 0.2 %

Shares of NYSEARCA:VTEB traded down $0.08 during trading on Tuesday, hitting $49.91. 4,598,162 shares of the company’s stock traded hands, compared to its average volume of 4,159,398. Vanguard Tax-Exempt Bond ETF has a 52 week low of $47.14 and a 52 week high of $51.15. The company has a 50-day moving average price of $50.52 and a 200-day moving average price of $49.88.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.1279 per share. The ex-dividend date was Monday, April 1st.

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.