MAI Capital Management Purchases 15,883 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

MAI Capital Management raised its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 16.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,406 shares of the company’s stock after purchasing an additional 15,883 shares during the quarter. MAI Capital Management’s holdings in Vanguard Tax-Exempt Bond ETF were worth $5,778,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of VTEB. Fairway Wealth LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the third quarter valued at about $28,000. Lowe Wealth Advisors LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth about $29,000. Sound Income Strategies LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 1,500.0% in the 3rd quarter. Sound Income Strategies LLC now owns 832 shares of the company’s stock valued at $42,000 after acquiring an additional 780 shares in the last quarter. Bogart Wealth LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 41.9% during the 3rd quarter. Bogart Wealth LLC now owns 945 shares of the company’s stock valued at $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 2nd quarter valued at about $49,000.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of Vanguard Tax-Exempt Bond ETF stock opened at $51.13 on Friday. Vanguard Tax-Exempt Bond ETF has a 52 week low of $47.02 and a 52 week high of $51.14. The business has a 50 day moving average price of $50.57 and a 200-day moving average price of $50.19.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

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

About Vanguard Tax-Exempt Bond ETF

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.