Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Shares Sold by World Investment Advisors

World Investment Advisors cut its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 10.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,781 shares of the company’s stock after selling 2,740 shares during the quarter. World Investment Advisors’ holdings in Vanguard Tax-Exempt Bond ETF were worth $1,142,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Martin Worley Group purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter worth about $591,000. Grand Wealth Management LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 28.9% in the 4th quarter. Grand Wealth Management LLC now owns 66,896 shares of the company’s stock valued at $3,353,000 after purchasing an additional 15,016 shares during the last quarter. OneAscent Financial Services LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at $260,000. Private Portfolio Partners LLC increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 12.5% during the 4th quarter. Private Portfolio Partners LLC now owns 291,128 shares of the company’s stock worth $14,594,000 after buying an additional 32,444 shares during the last quarter. Finally, Meeder Advisory Services Inc. boosted its holdings in Vanguard Tax-Exempt Bond ETF by 10.0% in the fourth quarter. Meeder Advisory Services Inc. now owns 1,666,364 shares of the company’s stock valued at $83,535,000 after acquiring an additional 151,852 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB stock opened at $49.85 on Friday. The stock has a 50-day moving average price of $50.04 and a two-hundred day moving average price of $50.33. Vanguard Tax-Exempt Bond ETF has a 12-month low of $49.24 and a 12-month high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.1317 per share. The ex-dividend date was Tuesday, April 1st. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

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.