Stonebridge Financial Group LLC Takes $15.19 Million Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Stonebridge Financial Group LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 303,052 shares of the company’s stock, valued at approximately $15,192,000. Vanguard Tax-Exempt Bond ETF makes up about 1.7% of Stonebridge Financial Group LLC’s investment portfolio, making the stock its 15th biggest position.

A number of other institutional investors have also recently made changes to their positions in the stock. Safe Harbor Fiduciary LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the third quarter worth $29,000. Bogart Wealth LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 2,942.1% in the third quarter. Bogart Wealth LLC now owns 578 shares of the company’s stock valued at $30,000 after acquiring an additional 559 shares during the period. Rise Advisors LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 235.1% during the third quarter. Rise Advisors LLC now owns 1,099 shares of the company’s stock valued at $56,000 after acquiring an additional 771 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the third quarter worth about $81,000. Finally, Eastern Bank bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the third quarter worth about $86,000.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB opened at $50.24 on Tuesday. The stock’s 50 day moving average price is $50.23 and its 200-day moving average price is $50.53. Vanguard Tax-Exempt Bond ETF has a 52-week low of $49.49 and a 52-week high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were given a $0.1317 dividend. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, February 3rd.

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.