Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Hits New 1-Year Low – Here’s What Happened

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $49.36 and last traded at $49.39, with a volume of 6376253 shares changing hands. The stock had previously closed at $49.59.

Vanguard Tax-Exempt Bond ETF Trading Down 0.4 %

The business has a fifty day simple moving average of $50.09 and a 200-day simple moving average of $50.40.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were paid a dividend of $0.1317 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

Institutional Trading of Vanguard Tax-Exempt Bond ETF

Several large investors have recently made changes to their positions in the company. Cullen Frost Bankers Inc. grew its position in Vanguard Tax-Exempt Bond ETF by 29.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 470,485 shares of the company’s stock valued at $23,585,000 after purchasing an additional 108,101 shares during the period. Captrust Financial Advisors lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 18.6% in the third quarter. Captrust Financial Advisors now owns 294,682 shares of the company’s stock valued at $15,064,000 after buying an additional 46,219 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 12.0% during the fourth quarter. D.A. Davidson & CO. now owns 10,417 shares of the company’s stock valued at $522,000 after buying an additional 1,116 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter worth about $103,000. Finally, Eclectic Associates Inc. ADV raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 5.3% in the 4th quarter. Eclectic Associates Inc. ADV now owns 19,187 shares of the company’s stock worth $962,000 after acquiring an additional 972 shares during 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.