Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Shares Sold by Eagle Ridge Investment Management

Eagle Ridge Investment Management decreased its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 2.1% in the fourth quarter, Holdings Channel reports. The firm owned 312,511 shares of the company’s stock after selling 6,714 shares during the period. Vanguard Tax-Exempt Bond ETF comprises about 1.4% of Eagle Ridge Investment Management’s portfolio, making the stock its 28th largest position. Eagle Ridge Investment Management’s holdings in Vanguard Tax-Exempt Bond ETF were worth $15,666,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC purchased a new position in Vanguard Tax-Exempt Bond ETF in the 2nd quarter worth $516,000. Brewster Financial Planning LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 38.1% in the 3rd quarter. Brewster Financial Planning LLC now owns 13,012 shares of the company’s stock worth $665,000 after acquiring an additional 3,590 shares during the last quarter. Daymark Wealth Partners LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 44.3% in the 3rd quarter. Daymark Wealth Partners LLC now owns 28,997 shares of the company’s stock worth $1,482,000 after acquiring an additional 8,909 shares during the last quarter. West Financial Advisors LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 4.2% in the 3rd quarter. West Financial Advisors LLC now owns 967,428 shares of the company’s stock worth $49,455,000 after acquiring an additional 38,699 shares during the last quarter. Finally, Hexagon Capital Partners LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 12.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 18,467 shares of the company’s stock worth $944,000 after acquiring an additional 2,057 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB stock opened at $50.30 on Friday. The business has a fifty day moving average of $50.26 and a 200 day moving average of $50.53. Vanguard Tax-Exempt Bond ETF has a 1 year low of $49.49 and a 1 year high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.1317 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

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.