Exchange Capital Management Inc. Sells 4,484 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Exchange Capital Management Inc. lessened its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 17.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 20,776 shares of the company’s stock after selling 4,484 shares during the period. Exchange Capital Management Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,042,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. TruNorth Capital Management LLC lifted its stake in Vanguard Tax-Exempt Bond ETF by 5.6% in the 4th quarter. TruNorth Capital Management LLC now owns 5,241 shares of the company’s stock valued at $263,000 after purchasing an additional 280 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 7.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,199,257 shares of the company’s stock valued at $60,119,000 after buying an additional 81,631 shares during the period. Edge Capital Group LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF during the fourth quarter worth about $434,000. Wealthstream Advisors Inc. increased its stake in Vanguard Tax-Exempt Bond ETF by 8.7% in the fourth quarter. Wealthstream Advisors Inc. now owns 5,996 shares of the company’s stock valued at $301,000 after acquiring an additional 479 shares during the last quarter. Finally, Crestwood Advisors Group LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 4.2% during the 4th quarter. Crestwood Advisors Group LLC now owns 1,242,570 shares of the company’s stock worth $62,290,000 after buying an additional 50,422 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA VTEB opened at $50.36 on Tuesday. The firm’s fifty day moving average price is $50.08 and its two-hundred day moving average price is $50.50. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $49.49 and a fifty-two week high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were given a $0.1317 dividend. The ex-dividend date of this dividend 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 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.