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

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $50.68 and last traded at $50.6340, with a volume of 250582 shares trading hands. The stock had previously closed at $50.62.

Vanguard Tax-Exempt Bond ETF Stock Performance

The business has a 50-day simple moving average of $50.39 and a two-hundred day simple moving average of $49.96.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given 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 dividend yield of 3.3%.

Hedge Funds Weigh In On Vanguard Tax-Exempt Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPL Wealth Management LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth about $25,000. Fairway Wealth LLC acquired a new position in Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at about $28,000. Lowe Wealth Advisors LLC bought a new stake in Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at $29,000. United Financial Planning Group LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the third quarter worth $29,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth about $37,000.

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.