Bear Mountain Capital Inc. Cuts Stock Holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Bear Mountain Capital Inc. lowered its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 85.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,497 shares of the company’s stock after selling 9,006 shares during the period. Bear Mountain Capital Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $75,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VTEB. Life Planning Partners Inc increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 3,575.6% in the fourth quarter. Life Planning Partners Inc now owns 1,387,949 shares of the company’s stock worth $69,578,000 after buying an additional 1,350,188 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Vanguard Tax-Exempt Bond ETF by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock worth $1,613,332,000 after buying an additional 1,003,475 shares during the period. Franklin Resources Inc. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 18.2% in the 3rd quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock worth $269,411,000 after buying an additional 818,486 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 35.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,041,612 shares of the company’s stock valued at $104,367,000 after buying an additional 535,526 shares during the period. Finally, Jordan Park Group LLC bought a new position in Vanguard Tax-Exempt Bond ETF in the 4th quarter worth $23,287,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA VTEB opened at $50.14 on Thursday. Vanguard Tax-Exempt Bond ETF has a twelve month low of $49.49 and a twelve month high of $51.17. The stock’s 50 day moving average is $50.09 and its 200 day moving average is $50.51.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were paid a $0.1317 dividend. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, February 3rd.

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.