Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Shares Sold by Westover Capital Advisors LLC

Westover Capital Advisors LLC cut its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 47.9% during the fourth quarter, HoldingsChannel reports. The fund owned 87,729 shares of the company’s stock after selling 80,751 shares during the period. Vanguard Tax-Exempt Bond ETF comprises 1.0% of Westover Capital Advisors LLC’s holdings, making the stock its 23rd biggest position. Westover Capital Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $4,398,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. FSC Wealth Advisors LLC lifted its holdings in Vanguard Tax-Exempt Bond ETF by 3.3% in the fourth quarter. FSC Wealth Advisors LLC now owns 6,842 shares of the company’s stock valued at $343,000 after acquiring an additional 216 shares during the last quarter. Cypress Wealth Services LLC lifted its stake in Vanguard Tax-Exempt Bond ETF by 0.7% during the fourth quarter. Cypress Wealth Services LLC now owns 31,684 shares of the company’s stock worth $1,588,000 after purchasing an additional 223 shares in the last quarter. Family Investment Center Inc. lifted its stake in Vanguard Tax-Exempt Bond ETF by 4.1% during the fourth quarter. Family Investment Center Inc. now owns 5,651 shares of the company’s stock worth $283,000 after purchasing an additional 223 shares in the last quarter. Allen Capital Group LLC lifted its stake in Vanguard Tax-Exempt Bond ETF by 4.0% during the fourth quarter. Allen Capital Group LLC now owns 5,971 shares of the company’s stock worth $299,000 after purchasing an additional 227 shares in the last quarter. Finally, Beta Wealth Group Inc. lifted its stake in Vanguard Tax-Exempt Bond ETF by 0.6% during the third quarter. Beta Wealth Group Inc. now owns 39,237 shares of the company’s stock worth $2,006,000 after purchasing an additional 234 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA:VTEB opened at $50.46 on Tuesday. The stock’s fifty day moving average is $50.12 and its two-hundred day moving average is $50.50. Vanguard Tax-Exempt Bond ETF has a 52 week low of $49.49 and a 52 week high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.1317 per share. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date is Monday, March 3rd.

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.