Vanguard Tax-Exempt Bond ETF $VTEB Position Lifted by Diversified Portfolios Inc.

Diversified Portfolios Inc. grew its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 16.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 102,770 shares of the company’s stock after purchasing an additional 14,192 shares during the quarter. Diversified Portfolios Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $5,146,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of VTEB. Jane Street Group LLC grew its stake in Vanguard Tax-Exempt Bond ETF by 1,498.4% in the first quarter. Jane Street Group LLC now owns 187,400 shares of the company’s stock worth $9,299,000 after purchasing an additional 175,676 shares in the last quarter. Sigma Planning Corp raised its stake in Vanguard Tax-Exempt Bond ETF by 2.1% during the second quarter. Sigma Planning Corp now owns 18,226 shares of the company’s stock valued at $894,000 after buying an additional 373 shares in the last quarter. Bank of Montreal Can bought a new position in Vanguard Tax-Exempt Bond ETF during the 2nd quarter worth approximately $537,000. Bank of New York Mellon Corp grew its position in shares of Vanguard Tax-Exempt Bond ETF by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,284,644 shares of the company’s stock worth $62,986,000 after acquiring an additional 26,199 shares in the last quarter. Finally, Huntington National Bank increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1,881.2% in the 2nd quarter. Huntington National Bank now owns 38,297 shares of the company’s stock valued at $1,878,000 after acquiring an additional 36,364 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB stock opened at $50.57 on Thursday. The stock’s 50 day simple moving average is $50.62 and its 200 day simple moving average is $50.25. Vanguard Tax-Exempt Bond ETF has a 12-month low of $47.02 and a 12-month high of $51.18.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.