Vanguard Group Inc. Acquires 585,416 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Vanguard Group Inc. increased its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 18.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,744,173 shares of the company’s stock after buying an additional 585,416 shares during the period. Vanguard Group Inc. owned 0.47% of Vanguard Tax-Exempt Bond ETF worth $187,471,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Eagle Rock Investment Company LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 9.4% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 117,862 shares of the company’s stock valued at $5,901,000 after purchasing an additional 10,172 shares during the period. Fifth Third Bancorp grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 273.2% in the third quarter. Fifth Third Bancorp now owns 7,069 shares of the company’s stock valued at $354,000 after acquiring an additional 5,175 shares in the last quarter. Smithfield Trust Co increased its position in Vanguard Tax-Exempt Bond ETF by 25.8% during the third quarter. Smithfield Trust Co now owns 274,443 shares of the company’s stock worth $13,747,000 after acquiring an additional 56,201 shares during the period. ForthRight Wealth Management LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 12.6% in the 3rd quarter. ForthRight Wealth Management LLC now owns 153,970 shares of the company’s stock worth $7,709,000 after purchasing an additional 17,265 shares in the last quarter. Finally, Calton & Associates Inc. boosted its holdings in Vanguard Tax-Exempt Bond ETF by 57.5% in the 3rd quarter. Calton & Associates Inc. now owns 7,453 shares of the company’s stock valued at $373,000 after purchasing an additional 2,722 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Down 0.5%

Shares of VTEB opened at $50.87 on Tuesday. Vanguard Tax-Exempt Bond ETF has a 12 month low of $47.02 and a 12 month high of $51.18. The firm’s 50 day moving average is $50.60 and its 200-day moving average is $50.23.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.1487 per share. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.5%.

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.