Transcend Capital Advisors LLC Has $2.70 Million Stock Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Transcend Capital Advisors LLC lowered its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 53,848 shares of the company’s stock after selling 965 shares during the period. Transcend Capital Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $2,699,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF in the third quarter valued at approximately $29,000. Bogart Wealth LLC boosted its position in Vanguard Tax-Exempt Bond ETF by 2,942.1% in the third quarter. Bogart Wealth LLC now owns 578 shares of the company’s stock valued at $30,000 after buying an additional 559 shares in the last quarter. Cromwell Holdings LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at approximately $48,000. Peterson Wealth Services acquired a new stake in Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at approximately $80,000. Finally, New Republic Capital LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at approximately $83,000.

Vanguard Tax-Exempt Bond ETF Stock Up 0.2 %

VTEB stock opened at $50.22 on Friday. The company has a fifty day moving average price of $50.08 and a 200-day moving average price of $50.51. 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 announced a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were paid a dividend of $0.1317 per share. The ex-dividend date was Monday, February 3rd. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

Vanguard Tax-Exempt Bond ETF 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.