Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Sets New 52-Week High – Here’s Why

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $50.92 and last traded at $50.8750, with a volume of 2236044 shares changing hands. The stock had previously closed at $50.77.

Vanguard Tax-Exempt Bond ETF Trading Up 0.1%

The business’s 50-day moving average price is $50.44 and its two-hundred day moving average price is $50.06.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

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

Hedge Funds Weigh In On Vanguard Tax-Exempt Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in Vanguard Tax-Exempt Bond ETF by 39.8% in the second quarter. JPMorgan Chase & Co. now owns 108,048,493 shares of the company’s stock valued at $5,297,618,000 after buying an additional 30,774,028 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Vanguard Tax-Exempt Bond ETF by 2.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 36,651,506 shares of the company’s stock valued at $1,843,204,000 after acquiring an additional 903,850 shares in the last quarter. Creative Planning lifted its position in Vanguard Tax-Exempt Bond ETF by 2.7% in the 2nd quarter. Creative Planning now owns 26,851,781 shares of the company’s stock valued at $1,316,543,000 after acquiring an additional 702,763 shares in the last quarter. Morgan Stanley boosted its stake in Vanguard Tax-Exempt Bond ETF by 9.4% in the 4th quarter. Morgan Stanley now owns 25,172,743 shares of the company’s stock worth $1,265,937,000 after purchasing an additional 2,173,235 shares during the period. Finally, Wealthfront Advisers LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 8.5% during the 4th quarter. Wealthfront Advisers LLC now owns 24,153,510 shares of the company’s stock worth $1,214,680,000 after purchasing an additional 1,889,400 shares in the last quarter.

About Vanguard Tax-Exempt Bond ETF

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.