Bank of Hawaii Sells 298,942 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Bank of Hawaii decreased its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 54.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 254,430 shares of the company’s stock after selling 298,942 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up 0.6% of Bank of Hawaii’s holdings, making the stock its 27th largest holding. Bank of Hawaii’s holdings in Vanguard Tax-Exempt Bond ETF were worth $12,739,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VTEB. Fairway Wealth LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the third quarter worth about $28,000. Lowe Wealth Advisors LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at approximately $29,000. United Financial Planning Group LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the third quarter valued at approximately $29,000. Sound Income Strategies LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1,500.0% in the third quarter. Sound Income Strategies LLC now owns 832 shares of the company’s stock worth $42,000 after buying an additional 780 shares in the last quarter. Finally, Bogart Wealth LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 41.9% in the 3rd quarter. Bogart Wealth LLC now owns 945 shares of the company’s stock valued at $47,000 after acquiring an additional 279 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Up 0.3%

Shares of VTEB stock opened at $50.36 on Friday. The company’s fifty day simple moving average is $50.64 and its two-hundred day simple moving average is $50.31. Vanguard Tax-Exempt Bond ETF has a 52 week low of $47.02 and a 52 week high of $51.18.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a $0.1487 dividend. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14.

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.