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AUM
$42.74B
P/E ratio
--
Dividend yield
3.3429%
Expense ratio
0.03%
Beta
0.253706
Previous close
$49.83
Today's open
$49.82
Day's range
$49.78 - $49.86
52 week range
$48.46 - $51.18
Bonds
Domestic
Municipal
High Earners Skip Treasuries for 3.9% Tax-Free Yield in Municipal Bonds
For investors in the top federal tax bracket, the Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA | PZA Price Prediction) offers something rare: a monthly paycheck the IRS cannot touch.
24/7 Wall Street • 19 hours ago

Are Municipal Bonds Primed for a Summer Rebound?
March's bout of geopolitical volatility affected investment approaches of all kinds, and municipal bonds were unfortunately no different. As just one example, the Bloomberg Municipal Bond Index fell more than 2% on the month, as the fixed income asset struggled to retain its safe haven reputation.
ETF Trends • May 12, 2026

Re-Electrification of the U.S.
AI-driven electricity demand is forcing a decade of infrastructure spending into five years. The municipal bond market is becoming a primary financing channel for that buildout, creating income opportunity.
ETF Trends • May 9, 2026

The “Two Popes” Fed: Why the Warsh-Powell Drama Could Burn Your Retirement Nest Egg
Your retirement check is about to get squeezed by a Fed civil war you did not vote for.
24/7 Wall Street • May 3, 2026

VTEB: Simple Municipal Bond Index ETF, Weak Investment Thesis, Better Choices Out There
VTEB is one of the largest municipal bond ETFs in the market, with a tax-advantaged 3.3% dividend yield. VTEB holds high-quality, AA-rated municipal bonds with moderate-to-high rate risk and minimal. Although the headline yield is low, after-tax income seems above-average, at least for investors in taxable accounts in the higher tax brackets. VTEB compares unfavorably to several of its peers, including FLMI and BOXX.
Seeking Alpha • Apr 18, 2026

VTEB: Hold The Best-In-Class Muni-Vehicle With Currently Capped Upside
Vanguard Tax-Exempt Bond ETF (VTEB) is initiated as a Hold, given a challenging macro environment and limited outperformance versus broad fixed income benchmarks. VTEB offers high credit quality, extreme diversification, and a low 3 bp expense ratio, with a 3.46% SEC yield translating to a 5.85% TEY for top tax brackets. Current yield curve dynamics make VTEB's intermediate duration less attractive; long-end munis offer better relative value for new allocations.
Seeking Alpha • Apr 14, 2026

Muni Bond ETFs: Beyond Tax Season Fundamentals
For financial advisors, tax season should not be the only time to talk to clients about municipal bonds. However, with April 15 arriving this week, the timing is ideal to examine how muni bond ETFs are rapidly becoming a cornerstone of fixed-income allocations in 2026.
ETF Trends • Apr 13, 2026

3 Vanguard ETFs to Buy to Protect Your Portfolio From a Potential Stock Market Crash
This trio of Vanguard ETFs can help investors protect their portfolio. A couple of these ETFs also offer attractive income profiles.
The Motley Fool • Mar 11, 2026

What's the Best Bond Allocation for 2026?
2025 has been a year marked by uncertainty and 2026 could feature more of the same. Nonetheless, it's never too early for fixed income investors to position their portfolios to capture opportunities in the new year.
ETF Trends • Dec 29, 2025

This California Bond ETF Hit $1B in Inflows
$1 billion in year-to-date inflows may seem minute compared to Vanguard's juggernaut bond fund, the Vanguard Total Bond Market ETF (BND), but given the narrow and niche focus of the Vanguard California Tax-Exempt Bond ETF (VTEC), the accomplishment is noteworthy. Like the rest of the muni bond market, 2025 started slow amid heavy issuance.
ETF Trends • Dec 16, 2025

¹ Disclosures

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