Sandy Spring Bank Increases Stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Sandy Spring Bank boosted its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 14.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,035 shares of the company’s stock after buying an additional 385 shares during the period. Sandy Spring Bank’s holdings in Vanguard Tax-Exempt Bond ETF were worth $152,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its stake in Vanguard Tax-Exempt Bond ETF by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,676,296 shares of the company’s stock worth $1,638,063,000 after purchasing an additional 1,116,602 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter valued at approximately $1,041,552,000. Brooklyn FI LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 6,485.4% during the fourth quarter. Brooklyn FI LLC now owns 16,565,228 shares of the company’s stock valued at $837,418,000 after buying an additional 16,313,682 shares during the period. Franklin Resources Inc. increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 18.2% during the third quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock valued at $269,411,000 after buying an additional 818,486 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 9.5% during the third quarter. LPL Financial LLC now owns 4,990,070 shares of the company’s stock valued at $255,092,000 after buying an additional 433,676 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB opened at $49.78 on Friday. Vanguard Tax-Exempt Bond ETF has a 52-week low of $49.49 and a 52-week high of $51.17. The stock’s 50 day moving average price is $50.09 and its 200-day moving average price is $50.42.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.