Berman McAleer LLC Takes $523,000 Position in Vanguard Tax-Exempt Bond ETF $VTEB

Berman McAleer LLC acquired a new position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,447 shares of the company’s stock, valued at approximately $523,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VTEB. Jane Street Group LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 1,498.4% during the 1st quarter. Jane Street Group LLC now owns 187,400 shares of the company’s stock worth $9,299,000 after purchasing an additional 175,676 shares during the last quarter. HB Wealth Management LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 51.8% in the second quarter. HB Wealth Management LLC now owns 22,135 shares of the company’s stock valued at $1,085,000 after buying an additional 7,552 shares during the last quarter. Naples Global Advisors LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 0.6% during the second quarter. Naples Global Advisors LLC now owns 38,808 shares of the company’s stock worth $1,903,000 after buying an additional 250 shares during the period. HT Partners LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 83.5% during the second quarter. HT Partners LLC now owns 442,497 shares of the company’s stock valued at $21,696,000 after acquiring an additional 201,418 shares during the last quarter. Finally, Rainey & Randall Wealth Advisors Inc. acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the second quarter valued at about $386,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB stock opened at $50.56 on Friday. The firm’s 50 day moving average price is $50.38 and its 200-day moving average price is $49.91. Vanguard Tax-Exempt Bond ETF has a one year low of $47.02 and a one year high of $50.68.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd will be paid a dividend of $0.1398 per share. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Monday, February 2nd.

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.