Parsons Capital Management Inc. RI Purchases Shares of 16,571 Vanguard Tax-Exempt Bond ETF $VTEB

Parsons Capital Management Inc. RI purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 16,571 shares of the company’s stock, valued at approximately $833,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VTEB. Northwestern Mutual Wealth Management Co. increased its position in Vanguard Tax-Exempt Bond ETF by 1.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 35,747,656 shares of the company’s stock valued at $1,789,885,000 after acquiring an additional 580,997 shares during the period. Wealthfront Advisers LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 6.4% during the 3rd quarter. Wealthfront Advisers LLC now owns 22,264,110 shares of the company’s stock valued at $1,114,764,000 after acquiring an additional 1,347,394 shares in the last quarter. Raymond James Financial Inc. boosted its position in Vanguard Tax-Exempt Bond ETF by 1.8% during the 3rd quarter. Raymond James Financial Inc. now owns 22,217,280 shares of the company’s stock worth $1,112,419,000 after acquiring an additional 386,204 shares during the period. TIAA Trust National Association boosted its position in Vanguard Tax-Exempt Bond ETF by 14.4% during the 3rd quarter. TIAA Trust National Association now owns 14,255,500 shares of the company’s stock worth $713,772,000 after acquiring an additional 1,799,750 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 5.0% in the third quarter. Sei Investments Co. now owns 13,859,052 shares of the company’s stock worth $693,922,000 after purchasing an additional 654,293 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of VTEB opened at $49.64 on Friday. Vanguard Tax-Exempt Bond ETF has a one year low of $47.02 and a one year high of $51.18. The stock’s fifty day moving average is $50.52 and its 200-day moving average is $50.37.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a $0.1487 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.6%. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14.

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.