HighTower Advisors LLC Boosts Stock Position in Vanguard Tax-Exempt Bond ETF $VTEB

HighTower Advisors LLC lifted its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 7.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,455,649 shares of the company’s stock after purchasing an additional 162,515 shares during the quarter. HighTower Advisors LLC owned about 0.31% of Vanguard Tax-Exempt Bond ETF worth $122,954,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of VTEB. Fairway Wealth LLC purchased a new position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth approximately $28,000. Lowe Wealth Advisors LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the third quarter worth $29,000. Sound Income Strategies LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1,500.0% during the third quarter. Sound Income Strategies LLC now owns 832 shares of the company’s stock worth $42,000 after purchasing an additional 780 shares during the last quarter. Bogart Wealth LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 41.9% during the third quarter. Bogart Wealth LLC now owns 945 shares of the company’s stock worth $47,000 after purchasing an additional 279 shares during the last quarter. Finally, Avalon Trust Co acquired a new position in Vanguard Tax-Exempt Bond ETF during the second quarter valued at $49,000.

Vanguard Tax-Exempt Bond ETF Trading Up 0.1%

NYSEARCA VTEB opened at $50.84 on Monday. The stock has a 50-day simple moving average of $50.44 and a two-hundred day simple moving average of $50.07. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $47.02 and a fifty-two week high of $50.92.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

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

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.