Penney Financial LLC Has $3.68 Million Holdings in Vanguard Tax-Exempt Bond ETF $VTEB

Penney Financial LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 26.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 73,132 shares of the company’s stock after acquiring an additional 15,295 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for approximately 1.4% of Penney Financial LLC’s portfolio, making the stock its 18th largest position. Penney Financial LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,678,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its position in Vanguard Tax-Exempt Bond ETF by 1.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 35,747,656 shares of the company’s stock worth $1,789,885,000 after buying an additional 580,997 shares during the last quarter. Wealthfront Advisers LLC grew its position in shares of Vanguard Tax-Exempt Bond ETF by 6.4% in the third quarter. Wealthfront Advisers LLC now owns 22,264,110 shares of the company’s stock valued at $1,114,764,000 after purchasing an additional 1,347,394 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 1.8% in the third quarter. Raymond James Financial Inc. now owns 22,217,280 shares of the company’s stock valued at $1,112,419,000 after purchasing an additional 386,204 shares during the last quarter. TIAA Trust National Association grew its position in shares of Vanguard Tax-Exempt Bond ETF by 14.4% in the third quarter. TIAA Trust National Association now owns 14,255,500 shares of the company’s stock valued at $713,772,000 after purchasing an additional 1,799,750 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 5.0% in the third quarter. Sei Investments Co. now owns 13,859,052 shares of the company’s stock valued at $693,922,000 after purchasing an additional 654,293 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Up 0.1%

Vanguard Tax-Exempt Bond ETF stock opened at $50.01 on Wednesday. Vanguard Tax-Exempt Bond ETF has a 12 month low of $47.02 and a 12 month high of $51.18. The stock’s 50 day moving average is $50.44 and its 200-day moving average is $50.37.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a dividend of $0.1487 per share. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, March 2nd.

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.