Vanguard Tax-Exempt Bond ETF (VTEB) To Go Ex-Dividend on February 2nd

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) announced a monthly dividend on Thursday, January 8th. Shareholders of record on Monday, February 2nd will be paid a dividend of 0.1398 per share on Wednesday, February 4th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Monday, February 2nd.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB traded up $0.04 during trading on Friday, hitting $50.56. 12,800,136 shares of the company’s stock were exchanged, compared to its average volume of 7,791,177. Vanguard Tax-Exempt Bond ETF has a 1 year low of $47.02 and a 1 year high of $50.68. The stock has a 50 day moving average price of $50.38 and a 200 day moving average price of $49.91.

Institutional Investors Weigh In On Vanguard Tax-Exempt Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 39.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 108,048,493 shares of the company’s stock worth $5,297,618,000 after acquiring an additional 30,774,028 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 35,747,656 shares of the company’s stock worth $1,789,885,000 after purchasing an additional 580,997 shares during the period. Creative Planning lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 2.7% in the 2nd quarter. Creative Planning now owns 26,851,781 shares of the company’s stock worth $1,316,543,000 after buying an additional 702,763 shares during the last quarter. Wealthfront Advisers LLC grew its position in shares of Vanguard Tax-Exempt Bond ETF by 8.5% during the 4th quarter. Wealthfront Advisers LLC now owns 24,153,510 shares of the company’s stock valued at $1,214,680,000 after buying an additional 1,889,400 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in Vanguard Tax-Exempt Bond ETF by 1.8% during the third quarter. Raymond James Financial Inc. now owns 22,217,280 shares of the company’s stock worth $1,112,419,000 after acquiring an additional 386,204 shares during the period.

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.