Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Reaches New 1-Year High – Time to Buy?

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $50.93 and last traded at $50.9050, with a volume of 290879 shares. The stock had previously closed at $50.86.

Vanguard Tax-Exempt Bond ETF Trading Up 0.1%

The stock has a 50-day simple moving average of $50.49 and a two-hundred day simple moving average of $50.11.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a $0.1398 dividend. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, February 2nd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 653.8% during the fourth quarter. Rothschild Investment LLC now owns 490 shares of the company’s stock valued at $25,000 after purchasing an additional 425 shares in the last quarter. JPL Wealth Management LLC bought a new stake in Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at $25,000. Fairway Wealth LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at $28,000. Lowe Wealth Advisors LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth $29,000. Finally, United Financial Planning Group LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth $29,000.

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.