Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Shares Sold by Dravo Bay LLC

Dravo Bay LLC reduced its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 102,350 shares of the company’s stock after selling 874 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up 2.5% of Dravo Bay LLC’s investment portfolio, making the stock its 13th biggest holding. Dravo Bay LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $5,131,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VTEB. Safe Harbor Fiduciary LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at approximately $29,000. Advantage Trust Co purchased a new stake in Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at approximately $42,000. Cromwell Holdings LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at approximately $48,000. Peterson Wealth Services purchased a new stake in Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at approximately $80,000. Finally, New Republic Capital LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at approximately $83,000.

Vanguard Tax-Exempt Bond ETF Stock Down 0.4 %

VTEB opened at $50.46 on Tuesday. The business has a 50 day moving average price of $50.12 and a two-hundred day moving average price of $50.50. Vanguard Tax-Exempt Bond ETF has a 52 week low of $49.49 and a 52 week high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.1317 per share. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

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.