VTEB Vanguard Tax-Exempt Bond ETF
Vanguard Tax-Exempt Bond ETF (VTEB) trend channel, buy level and 3-month target on Trade The Path. Sector: Financial Services. Listed on ARCA. Levels below are fitted to this ticker's own swing highs and lows (Theil–Sen, log-price), then projected 3 months. If this ticker has no settled sample yet, treat the numbers as a geometric read, not a track record. Information only, not financial advice.
In the buy zone, going sideways on both timeframes
Price is sitting on the lower trend line — the level that has repeatedly held.
The next few months are read from the last 12 months, not the last 9 months: that channel fits this stock's recent turns at least as well (78% against 85%) and it is the one price is respecting now. The last 9 months stay as context: going sideways, +1% a year. The nearest ceiling overhead is US$49.88, from the last 9 months. What would overturn this: a close below US$49.35 — the floor of the channel being read — after which the trend, not the entry, is what was wrong.
- 9 months read from
- US$49.42 – US$49.88 Sideways channel, +1% a year
- Position in that channel
- -176% below the floor of it — 0% is the floor, 100% the ceiling
Price history, with the path projected 3 months forward
- Daily close
- Upper trend line (9 months)
- Lower trend line (9 months)
- The same lines over the last 12 months
- Dashed after today: projected 3 months
- Our buy
- Our target
Our target
No published call today because its projected path only reaches 0.8% above the entry within 90 days, under the 6.0% floor a call has to clear to be worth making. No alerts are sent. The buy and target below are still this site's read of the fitted channel.
Buy now
US$48.23
last close · 16 Sept 2026
Channel buy is US$49.42; last close is the better price available now.
Our target
US$49.67
by 16 Dec 2026
Projected move
3.0%
gross, before costs
Last close is our buy — the best price available now.
- Upper line touches
- 3
- Lower line touches
- 3
- Fit confidence
- 85%
- Fitted
- 11 Sept 2026
About Vanguard Tax-Exempt Bond ETF
This index-tracking fund aims to mirror the performance of a specific benchmark, the Standard & Poor's National AMT-Free Municipal Bond Index, which represents the investment-grade segment of the U.S. municipal bond market. It achieves this by employing a sampling strategy, carefully selecting a portion of the index's holdings to replicate its overall characteristics. A minimum of 80% of its assets will be invested in securities included in this target index. Crucially, under typical market conditions, at least 80% of the fund's portfolio will consist of bonds generating income that is exempt from both federal income tax and the federal alternative minimum tax (AMT). A primary risk is its sensitivity to interest rate fluctuations: rising rates can lead to a decrease in bond prices, while falling rates may eventually reduce the income distributed by the fund. This fund is designed for investors seeking potentially tax-free federal income who are comfortable with moderate swings in both investment value and distributed income. To maintain diversification, for 75% of its total assets, the fund generally restricts its holdings: it won't acquire more than 10% of an issuer's voting securities, nor will it invest more than 5% of its total assets in a single issuer's securities. Exceptions to these limits apply when necessary to match the target index's composition or when investing in U.S. government or agency obligations.
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Country
- US
https://investor.vanguard.com/investment-products/etfs/profile/vteb
Scorecard
Our own pillar scores, computed from the fundamentals below. They are not Morningstar ratings — that data is licensed and we do not redistribute it.
- Valuation
- —
- Profitability
- —
- Financial health
- —
- Cash generation
- —
Key statistics
- Market cap
- US$48.10B
- Enterprise value
- —
- Beta
- 0.95
- Avg volume
- 7.64M
- Revenue per share
- —
- Dividend yield
- —
- 52-week range
- 48.86-51.18
- Exchange
- AMEX
Key ratios
- P/E (TTM)
- —
- PEG
- —
- Price / sales
- —
- Price / book
- —
- EV / EBITDA
- —
- Gross margin
- —
- Operating margin
- —
- Net margin
- —
- Current ratio
- —
- Quick ratio
- —
- Debt / equity
- —
- Interest cover
- —
Income statement
Balance sheet
Cash flow
Trend lines are fitted statistically to past swing highs and lows and projected forward on the assumption the same rhythm continues. It often does not. This is information, not advice.