Crestwood Advisors Group LLC Decreases Stock Position in Vanguard Tax-Exempt Bond ETF $VTEB

Crestwood Advisors Group LLC reduced its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 825,895 shares of the company’s stock after selling 50,337 shares during the quarter. Crestwood Advisors Group LLC owned approximately 0.10% of Vanguard Tax-Exempt Bond ETF worth $41,353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VTEB. James Investment Research Inc. increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 0.7% during the 3rd quarter. James Investment Research Inc. now owns 29,033 shares of the company’s stock worth $1,454,000 after purchasing an additional 200 shares in the last quarter. Litman Gregory Wealth Management LLC grew its holdings in Vanguard Tax-Exempt Bond ETF by 4.6% during the 3rd quarter. Litman Gregory Wealth Management LLC now owns 4,602 shares of the company’s stock valued at $230,000 after buying an additional 204 shares during the last quarter. Moseley Investment Management Inc. increased its position in Vanguard Tax-Exempt Bond ETF by 2.1% during the third quarter. Moseley Investment Management Inc. now owns 10,077 shares of the company’s stock worth $505,000 after buying an additional 206 shares in the last quarter. FDx Advisors Inc. increased its position in Vanguard Tax-Exempt Bond ETF by 0.4% during the second quarter. FDx Advisors Inc. now owns 48,900 shares of the company’s stock worth $2,398,000 after buying an additional 218 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 0.3% in the second quarter. Chicago Partners Investment Group LLC now owns 64,591 shares of the company’s stock worth $3,135,000 after acquiring an additional 221 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA:VTEB opened at $50.84 on Tuesday. Vanguard Tax-Exempt Bond ETF has a 52-week low of $47.02 and a 52-week high of $50.92. The stock’s fifty day simple moving average is $50.45 and its 200-day simple moving average is $50.09.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The company also recently declared 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. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, February 2nd.

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.