Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Hits New 12-Month High – What’s Next?

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $50.68 and last traded at $50.6340, with a volume of 250582 shares. The stock had previously closed at $50.62.

Vanguard Tax-Exempt Bond ETF Trading Up 0.1%

The stock’s 50-day moving average price is $50.39 and its 200 day moving average price is $49.99.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The company also recently disclosed 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 yield of 3.3%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. PFG Investments LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 1.3% during the 4th quarter. PFG Investments LLC now owns 15,902 shares of the company’s stock worth $800,000 after acquiring an additional 198 shares during the last quarter. Quantum Financial Planning Services Inc. grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 2.1% during the fourth quarter. Quantum Financial Planning Services Inc. now owns 9,559 shares of the company’s stock worth $481,000 after buying an additional 199 shares in the last quarter. James Investment Research Inc. raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 0.7% in the third quarter. James Investment Research Inc. now owns 29,033 shares of the company’s stock valued at $1,454,000 after purchasing an additional 200 shares during the last quarter. Jordan Park Trust Co LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1.8% in the 4th quarter. Jordan Park Trust Co LLC now owns 11,604 shares of the company’s stock valued at $584,000 after acquiring an additional 200 shares in the last quarter. Finally, Bridgewealth Advisory Group LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 4.1% during the 4th quarter. Bridgewealth Advisory Group LLC now owns 5,114 shares of the company’s stock worth $257,000 after purchasing an additional 200 shares in the last quarter.

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.