Hendershot Investments Inc. Sells 7,634 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Hendershot Investments Inc. trimmed its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 69.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,305 shares of the company’s stock after selling 7,634 shares during the period. Hendershot Investments Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $166,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of VTEB. AQR Capital Management LLC bought a new stake in Vanguard Tax-Exempt Bond ETF in the second quarter worth $516,000. Brewster Financial Planning LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 38.1% in the third quarter. Brewster Financial Planning LLC now owns 13,012 shares of the company’s stock valued at $665,000 after acquiring an additional 3,590 shares during the period. Sanibel Captiva Trust Company Inc. raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 29.0% in the third quarter. Sanibel Captiva Trust Company Inc. now owns 54,180 shares of the company’s stock valued at $2,770,000 after acquiring an additional 12,170 shares during the period. Pinnacle Bancorp Inc. lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 4.1% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 32,896 shares of the company’s stock worth $1,682,000 after acquiring an additional 1,289 shares during the last quarter. Finally, Agate Pass Investment Management LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 10.7% during the 3rd quarter. Agate Pass Investment Management LLC now owns 12,898 shares of the company’s stock worth $659,000 after purchasing an additional 1,242 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

Vanguard Tax-Exempt Bond ETF stock opened at $50.23 on Friday. Vanguard Tax-Exempt Bond ETF has a 1-year low of $49.49 and a 1-year high of $51.17. The company’s 50-day moving average is $50.25 and its 200 day moving average is $50.53.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were issued a $0.1317 dividend. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date was Monday, February 3rd.

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.