Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Reaches New 1-Year Low – What’s Next?

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $49.36 and last traded at $49.39, with a volume of 6376253 shares trading hands. The stock had previously closed at $49.59.

Vanguard Tax-Exempt Bond ETF Stock Performance

The business has a 50 day moving average of $50.07 and a 200-day moving average of $50.39.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were given a dividend of $0.1317 per share. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date was Monday, March 3rd.

Hedge Funds Weigh In On Vanguard Tax-Exempt Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VTEB. Oarsman Capital Inc. acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter worth about $28,000. Safe Harbor Fiduciary LLC acquired a new position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth approximately $29,000. Nemes Rush Group LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 1,238.3% during the 4th quarter. Nemes Rush Group LLC now owns 629 shares of the company’s stock worth $32,000 after acquiring an additional 582 shares in the last quarter. Mascagni Wealth Management Inc. acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at approximately $34,000. Finally, Advantage Trust Co bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter worth $42,000.

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.