Flputnam Investment Management Co. Sells 847 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Flputnam Investment Management Co. cut its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,854 shares of the company’s stock after selling 847 shares during the quarter. Flputnam Investment Management Co.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,602,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VTEB. Life Planning Partners Inc lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 3,575.6% in the fourth quarter. Life Planning Partners Inc now owns 1,387,949 shares of the company’s stock valued at $69,578,000 after acquiring an additional 1,350,188 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Vanguard Tax-Exempt Bond ETF by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock valued at $1,613,332,000 after purchasing an additional 1,003,475 shares during the period. Franklin Resources Inc. lifted its holdings in Vanguard Tax-Exempt Bond ETF by 18.2% in the 3rd quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock worth $269,411,000 after purchasing an additional 818,486 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 35.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,041,612 shares of the company’s stock worth $104,367,000 after purchasing an additional 535,526 shares during the period. Finally, Jordan Park Group LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at approximately $23,287,000.

Vanguard Tax-Exempt Bond ETF Trading Up 0.3 %

Vanguard Tax-Exempt Bond ETF stock opened at $50.66 on Friday. Vanguard Tax-Exempt Bond ETF has a 1 year low of $49.49 and a 1 year high of $51.17. The firm’s 50 day moving average price is $50.11 and its 200-day moving average price is $50.50.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.