Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Shares Sold by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC cut its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 4.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 27,424 shares of the company’s stock after selling 1,407 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,375,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of VTEB. Safe Harbor Fiduciary LLC purchased a new position in Vanguard Tax-Exempt Bond ETF during the third quarter worth about $29,000. Advantage Trust Co purchased a new position in Vanguard Tax-Exempt Bond ETF during the fourth quarter worth about $42,000. Cromwell Holdings LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at approximately $48,000. Peterson Wealth Services purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at approximately $80,000. Finally, New Republic Capital LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at approximately $83,000.

Vanguard Tax-Exempt Bond ETF Price Performance

Vanguard Tax-Exempt Bond ETF stock opened at $50.23 on Thursday. The company’s 50 day simple moving average is $50.13 and its 200-day simple moving average is $50.49. Vanguard Tax-Exempt Bond ETF has a 1 year low of $49.49 and a 1 year high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were paid 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, March 3rd.

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.