7,066 Shares in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Acquired by Sovran Advisors LLC

Sovran Advisors LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,066 shares of the company’s stock, valued at approximately $350,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Peterson Wealth Services purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter worth approximately $80,000. Stonebridge Financial Group LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at approximately $15,192,000. Global Wealth Management Investment Advisory Inc. raised its holdings in Vanguard Tax-Exempt Bond ETF by 40.5% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 8,472 shares of the company’s stock valued at $425,000 after acquiring an additional 2,444 shares in the last quarter. Elser Financial Planning Inc acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at $418,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at $833,000.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA:VTEB opened at $49.93 on Thursday. The business’s fifty day moving average price is $50.20 and its 200 day moving average price is $50.53. Vanguard Tax-Exempt Bond ETF has a 12 month low of $49.49 and a 12 month high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.