State Farm Mutual Automobile Insurance Co. Purchases 154,142 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

State Farm Mutual Automobile Insurance Co. increased its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 692.2% in the third quarter, Holdings Channel.com reports. The firm owned 176,411 shares of the company’s stock after purchasing an additional 154,142 shares during the quarter. State Farm Mutual Automobile Insurance Co.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $8,833,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rockbridge Investment Management LCC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 5.4% during the third quarter. Rockbridge Investment Management LCC now owns 68,328 shares of the company’s stock valued at $3,421,000 after buying an additional 3,490 shares during the last quarter. PKS Advisory Services LLC boosted its holdings in Vanguard Tax-Exempt Bond ETF by 5.0% during the 3rd quarter. PKS Advisory Services LLC now owns 15,714 shares of the company’s stock valued at $787,000 after acquiring an additional 744 shares during the period. Arete Wealth Advisors LLC grew its position in Vanguard Tax-Exempt Bond ETF by 4.6% in the 3rd quarter. Arete Wealth Advisors LLC now owns 6,736 shares of the company’s stock valued at $337,000 after acquiring an additional 298 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its stake in Vanguard Tax-Exempt Bond ETF by 13.2% in the third quarter. Nicholas Hoffman & Company LLC. now owns 10,694 shares of the company’s stock worth $535,000 after purchasing an additional 1,245 shares during the period. Finally, Brand Asset Management Group Inc. increased its stake in Vanguard Tax-Exempt Bond ETF by 36.5% in the third quarter. Brand Asset Management Group Inc. now owns 7,678 shares of the company’s stock worth $384,000 after purchasing an additional 2,052 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

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

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd will be given a $0.1487 dividend. This is a positive change 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 yield of 3.5%.

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.