Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Hits New 1-Year Low – Time to Sell?

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $49.13 and last traded at $49.24, with a volume of 2684865 shares changing hands. The stock had previously closed at $49.85.

Vanguard Tax-Exempt Bond ETF Stock Performance

The business has a 50-day moving average price of $49.93 and a 200 day moving average price of $50.27.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.1317 per share. The ex-dividend date was Tuesday, April 1st. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

Institutional Trading of Vanguard Tax-Exempt Bond ETF

Several institutional investors have recently made changes to their positions in the stock. Oarsman Capital Inc. acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at $28,000. Nemes Rush Group LLC lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 1,238.3% in the fourth quarter. Nemes Rush Group LLC now owns 629 shares of the company’s stock worth $32,000 after buying an additional 582 shares during the last quarter. Mascagni Wealth Management Inc. bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter worth $34,000. Advantage Trust Co acquired a new position in Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at $42,000. Finally, Cromwell Holdings LLC bought a new position in Vanguard Tax-Exempt Bond ETF in the 4th quarter worth $48,000.

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.