Hanover Advisors Inc. Trims Stock Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Hanover Advisors Inc. cut its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 34.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,945 shares of the company’s stock after selling 10,584 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up approximately 0.4% of Hanover Advisors Inc.’s investment portfolio, making the stock its 26th biggest position. Hanover Advisors Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,000,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VTEB. Captrust Financial Advisors grew its position in Vanguard Tax-Exempt Bond ETF by 18.6% during the 3rd quarter. Captrust Financial Advisors now owns 294,682 shares of the company’s stock valued at $15,064,000 after purchasing an additional 46,219 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at about $103,000. D.A. Davidson & CO. grew its position in Vanguard Tax-Exempt Bond ETF by 12.0% during the 4th quarter. D.A. Davidson & CO. now owns 10,417 shares of the company’s stock valued at $522,000 after purchasing an additional 1,116 shares during the last quarter. Eclectic Associates Inc. ADV grew its position in Vanguard Tax-Exempt Bond ETF by 5.3% during the 4th quarter. Eclectic Associates Inc. ADV now owns 19,187 shares of the company’s stock valued at $962,000 after purchasing an additional 972 shares during the last quarter. Finally, Souders Financial Advisors grew its position in Vanguard Tax-Exempt Bond ETF by 1.1% during the 3rd quarter. Souders Financial Advisors now owns 27,666 shares of the company’s stock valued at $1,414,000 after purchasing an additional 295 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of VTEB stock opened at $50.66 on Friday. Vanguard Tax-Exempt Bond ETF has a one year low of $49.49 and a one year high of $51.17. The company’s 50-day moving average is $50.11 and its 200 day moving average is $50.50.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.1317 per share. The ex-dividend date of this dividend is Monday, March 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.