Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Hits New 52-Week Low – Here’s Why

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $49.36 and last traded at $49.39, with a volume of 6376253 shares changing hands. The stock had previously closed at $49.59.

Vanguard Tax-Exempt Bond ETF Price Performance

The business’s 50-day moving average is $50.09 and its two-hundred day moving average is $50.40.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

Institutional Investors Weigh In On Vanguard Tax-Exempt Bond ETF

Several hedge funds have recently bought and sold shares of VTEB. Raymond James Financial Inc. acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter worth about $1,041,552,000. Brooklyn FI LLC raised its holdings in Vanguard Tax-Exempt Bond ETF by 6,485.4% in the 4th quarter. Brooklyn FI LLC now owns 16,565,228 shares of the company’s stock valued at $837,418,000 after acquiring an additional 16,313,682 shares during the period. JPMorgan Chase & Co. lifted its position in Vanguard Tax-Exempt Bond ETF by 5.4% during the fourth quarter. JPMorgan Chase & Co. now owns 78,695,639 shares of the company’s stock worth $3,945,012,000 after acquiring an additional 4,022,038 shares during the last quarter. TIAA Trust National Association boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 17.5% during the fourth quarter. TIAA Trust National Association now owns 15,533,140 shares of the company’s stock worth $778,677,000 after acquiring an additional 2,308,219 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 8,203.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,228,600 shares of the company’s stock valued at $111,720,000 after purchasing an additional 2,201,760 shares during the last quarter.

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.