West Michigan Advisors LLC Cuts Stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

West Michigan Advisors LLC reduced its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 20.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,356 shares of the company’s stock after selling 2,612 shares during the period. West Michigan Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $519,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of VTEB. Golden State Equity Partners raised its holdings in Vanguard Tax-Exempt Bond ETF by 24.9% in the third quarter. Golden State Equity Partners now owns 6,327 shares of the company’s stock valued at $323,000 after buying an additional 1,262 shares during the period. Financial Advocates Investment Management raised its holdings in Vanguard Tax-Exempt Bond ETF by 34.1% in the third quarter. Financial Advocates Investment Management now owns 15,934 shares of the company’s stock valued at $815,000 after buying an additional 4,050 shares during the period. Baron Silver Stevens Financial Advisors LLC raised its holdings in Vanguard Tax-Exempt Bond ETF by 3.9% in the third quarter. Baron Silver Stevens Financial Advisors LLC now owns 306,392 shares of the company’s stock valued at $15,663,000 after buying an additional 11,536 shares during the period. ForthRight Wealth Management LLC raised its holdings in Vanguard Tax-Exempt Bond ETF by 0.3% in the third quarter. ForthRight Wealth Management LLC now owns 143,875 shares of the company’s stock valued at $7,355,000 after buying an additional 369 shares during the period. Finally, Stephens Inc. AR raised its holdings in Vanguard Tax-Exempt Bond ETF by 2.2% in the third quarter. Stephens Inc. AR now owns 36,232 shares of the company’s stock valued at $1,852,000 after buying an additional 780 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA VTEB 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 price is $50.11 and its 200 day moving average price is $50.50.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.1317 per share. The ex-dividend date is Monday, March 3rd. This is a positive change 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.