Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Reaches New 12-Month High – Still a Buy?

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $51.08 and last traded at $51.06, with a volume of 3784858 shares trading hands. The stock had previously closed at $51.03.

Vanguard Tax-Exempt Bond ETF Stock Up 0.0%

The company’s fifty day moving average price is $50.59 and its 200 day moving average price is $50.20.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, March 4th. Investors of record on Monday, March 2nd will be issued a dividend of $0.1487 per share. This represents a c) dividend on an annualized basis and a yield of 3.5%. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date is Monday, March 2nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC increased its position in Vanguard Tax-Exempt Bond ETF by 1,498.4% in the first quarter. Jane Street Group LLC now owns 187,400 shares of the company’s stock worth $9,299,000 after buying an additional 175,676 shares during the last quarter. Brighton Jones LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the 2nd quarter worth $387,000. Daymark Wealth Partners LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 13.6% in the 2nd quarter. Daymark Wealth Partners LLC now owns 25,610 shares of the company’s stock valued at $1,256,000 after acquiring an additional 3,060 shares during the period. World Investment Advisors lifted its holdings in Vanguard Tax-Exempt Bond ETF by 136.1% during the second quarter. World Investment Advisors now owns 69,329 shares of the company’s stock valued at $3,399,000 after purchasing an additional 39,964 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its position in Vanguard Tax-Exempt Bond ETF by 10.0% during the second quarter. Arkadios Wealth Advisors now owns 19,954 shares of the company’s stock worth $978,000 after purchasing an additional 1,810 shares during the period.

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.