Pitcairn Co. Invests $375,000 in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Pitcairn Co. purchased a new stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 7,477 shares of the company’s stock, valued at approximately $375,000.

Several other institutional investors also recently bought and sold shares of VTEB. Nemes Rush Group LLC lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 1,238.3% in the fourth quarter. Nemes Rush Group LLC now owns 629 shares of the company’s stock worth $32,000 after buying an additional 582 shares in the last quarter. Advantage Trust Co acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter worth approximately $42,000. Cromwell Holdings LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter worth approximately $48,000. Millstone Evans Group LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at approximately $57,000. Finally, Peterson Wealth Services purchased a new position in Vanguard Tax-Exempt Bond ETF during the fourth quarter worth approximately $80,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA:VTEB opened at $49.85 on Friday. Vanguard Tax-Exempt Bond ETF has a 52-week low of $49.24 and a 52-week high of $51.17. The business has a fifty day moving average of $50.04 and a two-hundred day moving average of $50.33.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st were given a dividend of $0.1317 per share. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Tuesday, April 1st.

Vanguard Tax-Exempt Bond ETF Company 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.