Vanguard Tax-Exempt Bond ETF $VTEB Shares Sold by Joel Adams & Associates Inc.

Joel Adams & Associates Inc. trimmed its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 11.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,508 shares of the company’s stock after selling 22,822 shares during the period. Vanguard Tax-Exempt Bond ETF comprises 6.9% of Joel Adams & Associates Inc.’s investment portfolio, making the stock its 5th largest position. Joel Adams & Associates Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $8,587,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in VTEB. Fairway Wealth LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at $28,000. Lowe Wealth Advisors LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the third quarter worth about $29,000. Sound Income Strategies LLC grew its stake 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 valued at $42,000 after buying an additional 780 shares in the last quarter. Bogart Wealth LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 41.9% during the 3rd quarter. Bogart Wealth LLC now owns 945 shares of the company’s stock valued at $47,000 after buying an additional 279 shares during the period. Finally, Avalon Trust Co acquired a new position in Vanguard Tax-Exempt Bond ETF during the 2nd quarter worth approximately $49,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB stock opened at $50.77 on Friday. The firm has a fifty day simple moving average of $50.43 and a 200-day simple moving average of $50.04. Vanguard Tax-Exempt Bond ETF has a twelve month low of $47.02 and a twelve month high of $50.82.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

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

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.