Vanguard Tax-Exempt Bond ETF $VTEB Stake Cut by Silver Oak Advisory Group Inc.

Silver Oak Advisory Group Inc. trimmed its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 7.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 193,167 shares of the company’s stock after selling 15,789 shares during the period. Vanguard Tax-Exempt Bond ETF accounts for approximately 4.4% of Silver Oak Advisory Group Inc.’s portfolio, making the stock its 7th largest position. Silver Oak Advisory Group Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $9,671,000 as of its most recent SEC filing.

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

Vanguard Tax-Exempt Bond ETF Stock Up 0.1%

Shares of NYSEARCA:VTEB opened at $50.87 on Wednesday. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $47.02 and a fifty-two week high of $50.92. The firm’s 50-day simple moving average is $50.47 and its 200-day simple moving average is $50.10.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

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

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.