Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Sees Unusually-High Trading Volume – Here’s Why

Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) saw unusually-strong trading volume on Wednesday . Approximately 13,615,828 shares were traded during trading, an increase of 182% from the previous session’s volume of 4,832,815 shares.The stock last traded at $47.49 and had previously closed at $48.23.

Vanguard Tax-Exempt Bond ETF Stock Performance

The business’s fifty day moving average price is $49.93 and its 200 day moving average price is $50.27.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

Institutional Investors Weigh In On Vanguard Tax-Exempt Bond ETF

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

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.