TIAA Trust National Association Purchases 1,799,750 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

TIAA Trust National Association increased its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 14.4% in the 3rd quarter, Holdings Channel reports. The firm owned 14,255,500 shares of the company’s stock after buying an additional 1,799,750 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises approximately 1.7% of TIAA Trust National Association’s investment portfolio, making the stock its 16th biggest position. TIAA Trust National Association’s holdings in Vanguard Tax-Exempt Bond ETF were worth $713,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of VTEB. Fairway Wealth LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF during the third quarter valued at approximately $28,000. Lowe Wealth Advisors LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at $29,000. Sound Income Strategies LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 1,500.0% in the 3rd quarter. Sound Income Strategies LLC now owns 832 shares of the company’s stock valued at $42,000 after buying an additional 780 shares in the last quarter. Bogart Wealth LLC grew its position in Vanguard Tax-Exempt Bond ETF by 41.9% in the third quarter. Bogart Wealth LLC now owns 945 shares of the company’s stock valued at $47,000 after acquiring an additional 279 shares during the period. Finally, Avalon Trust Co acquired a new position in Vanguard Tax-Exempt Bond ETF during the second quarter worth $49,000.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA VTEB opened at $51.13 on Friday. Vanguard Tax-Exempt Bond ETF has a 52-week low of $47.02 and a 52-week high of $51.14. The business has a fifty day moving average of $50.57 and a two-hundred day moving average of $50.19.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.1487 per share. The ex-dividend date is Monday, March 2nd. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a dividend yield of 3.5%.

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.