Vanguard Tax-Exempt Bond ETF $VTEB Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 7.1% in the 3rd quarter, Holdings Channel reports. The firm owned 2,455,649 shares of the company’s stock after purchasing an additional 162,515 shares during the period. HighTower Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $122,954,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the third quarter worth $28,000. Lowe Wealth Advisors LLC acquired a new position in Vanguard Tax-Exempt Bond ETF during the third quarter worth about $29,000. Sound Income Strategies LLC grew its stake in Vanguard Tax-Exempt Bond ETF by 1,500.0% during the 3rd quarter. Sound Income Strategies LLC now owns 832 shares of the company’s stock valued at $42,000 after acquiring an additional 780 shares in the last quarter. Bogart Wealth LLC grew its stake in Vanguard Tax-Exempt Bond ETF by 41.9% during the 3rd quarter. Bogart Wealth LLC now owns 945 shares of the company’s stock valued at $47,000 after acquiring an additional 279 shares in the last quarter. Finally, Avalon Trust Co acquired a new stake in Vanguard Tax-Exempt Bond ETF in the 2nd quarter valued at about $49,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of Vanguard Tax-Exempt Bond ETF stock opened at $50.84 on Monday. The stock’s 50 day simple moving average is $50.44 and its 200-day simple moving average is $50.07. Vanguard Tax-Exempt Bond ETF has a 1-year low of $47.02 and a 1-year high of $50.92.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.1398 per share. 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%.

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.