Promus Capital LLC Acquires New Holdings in Vanguard Tax-Exempt Bond ETF $VTEB

Promus Capital LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the third quarter, HoldingsChannel.com reports. The firm bought 15,172 shares of the company’s stock, valued at approximately $760,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Eclectic Associates Inc. ADV lifted its position in Vanguard Tax-Exempt Bond ETF by 89.5% during the third quarter. Eclectic Associates Inc. ADV now owns 50,860 shares of the company’s stock valued at $2,547,000 after acquiring an additional 24,014 shares during the last quarter. Allen Capital Group LLC boosted its holdings in Vanguard Tax-Exempt Bond ETF by 178.5% in the third quarter. Allen Capital Group LLC now owns 25,362 shares of the company’s stock worth $1,270,000 after acquiring an additional 16,255 shares in the last quarter. First Citizens Bank & Trust Co. increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1,681.1% during the third quarter. First Citizens Bank & Trust Co. now owns 594,111 shares of the company’s stock valued at $29,747,000 after acquiring an additional 560,755 shares in the last quarter. New York Life Investment Management LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 15.1% in the 3rd quarter. New York Life Investment Management LLC now owns 856,096 shares of the company’s stock worth $42,865,000 after purchasing an additional 112,023 shares in the last quarter. Finally, Compound Planning Inc. boosted its stake in Vanguard Tax-Exempt Bond ETF by 16.2% in the 3rd quarter. Compound Planning Inc. now owns 333,192 shares of the company’s stock worth $16,683,000 after purchasing an additional 46,505 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA:VTEB opened at $50.51 on Tuesday. Vanguard Tax-Exempt Bond ETF has a twelve month low of $47.02 and a twelve month high of $51.18. The company’s 50 day moving average is $50.64 and its two-hundred day moving average is $50.29.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1487 per share. 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. 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.