Baker Boyer National Bank Has $58.04 Million Stock Position in Vanguard Tax-Exempt Bond ETF $VTEB

Baker Boyer National Bank reduced its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 7.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,159,214 shares of the company’s stock after selling 92,294 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up 19.3% of Baker Boyer National Bank’s holdings, making the stock its 2nd largest position. Baker Boyer National Bank owned 0.15% of Vanguard Tax-Exempt Bond ETF worth $58,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 1,498.4% during the first quarter. Jane Street Group LLC now owns 187,400 shares of the company’s stock valued at $9,299,000 after buying an additional 175,676 shares during the last quarter. DAVENPORT & Co LLC grew its position in shares of Vanguard Tax-Exempt Bond ETF by 11.9% in the 2nd quarter. DAVENPORT & Co LLC now owns 97,684 shares of the company’s stock worth $4,789,000 after buying an additional 10,388 shares during the last quarter. Duncan Williams Asset Management LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the 2nd quarter worth approximately $254,000. Belpointe Asset Management LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 46.1% during the second quarter. Belpointe Asset Management LLC now owns 35,989 shares of the company’s stock valued at $1,765,000 after acquiring an additional 11,354 shares during the last quarter. Finally, SteelPeak Wealth LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 3.4% during the second quarter. SteelPeak Wealth LLC now owns 61,110 shares of the company’s stock valued at $2,996,000 after acquiring an additional 1,989 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Up 0.0%

NYSEARCA VTEB opened at $50.50 on Wednesday. The firm’s fifty day simple moving average is $50.38 and its two-hundred day simple moving average is $49.95. Vanguard Tax-Exempt Bond ETF has a 12-month low of $47.02 and a 12-month high of $50.68.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 4th. Investors of record on Monday, February 2nd will be paid a dividend of $0.1398 per share. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Monday, February 2nd.

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.