Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Reaches New 12-Month High – Should You Buy?

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) shares hit a new 52-week high during trading on Friday . The stock traded as high as $50.93 and last traded at $50.9050, with a volume of 290879 shares changing hands. The stock had previously closed at $50.86.

Vanguard Tax-Exempt Bond ETF Price Performance

The stock has a 50-day moving average price of $50.51 and a two-hundred day moving average price of $50.14.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a $0.1398 dividend. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Monday, February 2nd.

Hedge Funds Weigh In On Vanguard Tax-Exempt Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rothschild Investment LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 653.8% during the fourth quarter. Rothschild Investment LLC now owns 490 shares of the company’s stock valued at $25,000 after buying an additional 425 shares during the last quarter. JPL Wealth Management LLC purchased a new position in Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth $25,000. Fairway Wealth LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth about $28,000. Lowe Wealth Advisors LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth about $29,000. Finally, United Financial Planning Group LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at about $29,000.

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.