Apollon Wealth Management LLC Sells 2,429 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Apollon Wealth Management LLC reduced its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,240 shares of the company’s stock after selling 2,429 shares during the quarter. Apollon Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $5,025,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors raised its position in shares of Vanguard Tax-Exempt Bond ETF by 18.6% in the third quarter. Captrust Financial Advisors now owns 294,682 shares of the company’s stock valued at $15,064,000 after buying an additional 46,219 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at about $103,000. Eclectic Associates Inc. ADV lifted its position in Vanguard Tax-Exempt Bond ETF by 5.3% during the fourth quarter. Eclectic Associates Inc. ADV now owns 19,187 shares of the company’s stock worth $962,000 after purchasing an additional 972 shares during the period. Souders Financial Advisors grew its stake in Vanguard Tax-Exempt Bond ETF by 1.1% during the third quarter. Souders Financial Advisors now owns 27,666 shares of the company’s stock worth $1,414,000 after buying an additional 295 shares in the last quarter. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at approximately $793,000.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA:VTEB opened at $50.23 on Friday. The company’s 50 day simple moving average is $50.23 and its 200 day simple moving average is $50.53. Vanguard Tax-Exempt Bond ETF has a 1 year low of $49.49 and a 1 year high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were paid a $0.1317 dividend. The ex-dividend date was Monday, February 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.