199,630 Shares in Vanguard Tax-Exempt Bond ETF $VTEB Purchased by PFG Advisors

PFG Advisors acquired a new position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 199,630 shares of the company’s stock, valued at approximately $9,995,000.

A number of other institutional investors have also recently bought and sold shares of the business. Jane Street Group LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 1,498.4% in the 1st quarter. Jane Street Group LLC now owns 187,400 shares of the company’s stock valued at $9,299,000 after buying an additional 175,676 shares during the period. Bank of Montreal Can bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 2nd quarter worth approximately $537,000. Bank of New York Mellon Corp lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,284,644 shares of the company’s stock worth $62,986,000 after acquiring an additional 26,199 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 2nd quarter worth approximately $151,000. Finally, Vestmark Advisory Solutions Inc. acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 2nd quarter worth approximately $266,000.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA:VTEB opened at $50.56 on Monday. Vanguard Tax-Exempt Bond ETF has a 1 year low of $47.02 and a 1 year high of $51.18. The company’s 50 day simple moving average is $50.63 and its 200 day simple moving average is $50.28.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.1487 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14.

About Vanguard Tax-Exempt Bond ETF

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.