Hobbs Group Advisors LLC Sells 2,483 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Hobbs Group Advisors LLC cut its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,282 shares of the company’s stock after selling 2,483 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for about 1.2% of Hobbs Group Advisors LLC’s holdings, making the stock its 18th biggest holding. Hobbs Group Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Citigroup Inc. increased its stake in Vanguard Tax-Exempt Bond ETF by 3.9% in the third quarter. Citigroup Inc. now owns 91,122 shares of the company’s stock valued at $4,658,000 after acquiring an additional 3,446 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 15.9% during the 3rd quarter. Fisher Asset Management LLC now owns 46,915 shares of the company’s stock valued at $2,398,000 after purchasing an additional 6,444 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 97.2% during the 3rd quarter. D.A. Davidson & CO. now owns 9,301 shares of the company’s stock valued at $475,000 after buying an additional 4,584 shares in the last quarter. Townsquare Capital LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 10.4% in the 3rd quarter. Townsquare Capital LLC now owns 97,119 shares of the company’s stock worth $4,965,000 after buying an additional 9,163 shares during the last quarter. Finally, CreativeOne Wealth LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 28.5% in the third quarter. CreativeOne Wealth LLC now owns 37,320 shares of the company’s stock worth $1,908,000 after buying an additional 8,274 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB stock opened at $49.54 on Friday. Vanguard Tax-Exempt Bond ETF has a one year low of $49.24 and a one year high of $51.17. The company’s 50 day moving average price is $50.06 and its two-hundred day moving average price is $50.38.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

Vanguard Tax-Exempt Bond ETF 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.