Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. reduced its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 0.7% during the 4th quarter, Holdings Channel reports. The fund owned 352,795 shares of the company’s stock after selling 2,556 shares during the quarter. First Horizon Advisors Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $17,686,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VTEB. Safe Harbor Fiduciary LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth about $29,000. Bogart Wealth LLC increased its stake in Vanguard Tax-Exempt Bond ETF by 2,942.1% in the third quarter. Bogart Wealth LLC now owns 578 shares of the company’s stock valued at $30,000 after purchasing an additional 559 shares during the last quarter. Advantage Trust Co acquired a new stake in Vanguard Tax-Exempt Bond ETF in the 4th quarter worth about $42,000. Cromwell Holdings LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter worth approximately $48,000. Finally, Peterson Wealth Services purchased a new position in Vanguard Tax-Exempt Bond ETF during the fourth quarter worth approximately $80,000.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA VTEB opened at $50.36 on Friday. The firm has a fifty day moving average of $50.08 and a 200-day moving average of $50.50. Vanguard Tax-Exempt Bond ETF has a 52-week low of $49.49 and a 52-week high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.