Vanguard Tax-Exempt Bond ETF $VTEB Stake Decreased by Garde Capital Inc.

Garde Capital Inc. cut its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 4.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 853,000 shares of the company’s stock after selling 38,404 shares during the period. Vanguard Tax-Exempt Bond ETF makes up about 2.1% of Garde Capital Inc.’s investment portfolio, making the stock its 11th largest holding. Garde Capital Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $42,710,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. 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 acquired a new position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth $28,000. Lowe Wealth Advisors LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF in the third quarter worth $29,000. United Financial Planning Group LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the third quarter valued at $29,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the third quarter valued at $37,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA VTEB opened at $50.27 on Thursday. The firm’s 50-day simple moving average is $50.63 and its 200 day simple moving average is $50.35. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $47.02 and a fifty-two week high of $51.18.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1487 per share. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%.

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.