Ledyard National Bank Purchases New Shares in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Ledyard National Bank acquired a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,596 shares of the company’s stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VTEB. 1900 Wealth Management LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 1.6% in the fourth quarter. 1900 Wealth Management LLC now owns 188,280 shares of the company’s stock valued at $9,438,000 after acquiring an additional 3,044 shares in the last quarter. Glassy Mountain Advisors Inc. raised its stake in Vanguard Tax-Exempt Bond ETF by 2.8% in the 4th quarter. Glassy Mountain Advisors Inc. now owns 39,942 shares of the company’s stock valued at $2,002,000 after purchasing an additional 1,091 shares during the last quarter. Oakworth Capital Inc. lifted its holdings in Vanguard Tax-Exempt Bond ETF by 438.2% in the 4th quarter. Oakworth Capital Inc. now owns 16,893 shares of the company’s stock valued at $847,000 after purchasing an additional 13,754 shares in the last quarter. Financial Advocates Investment Management boosted its stake in Vanguard Tax-Exempt Bond ETF by 18.4% during the 4th quarter. Financial Advocates Investment Management now owns 18,871 shares of the company’s stock worth $946,000 after purchasing an additional 2,937 shares during the last quarter. Finally, Long Run Wealth Advisors LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 26.5% during the fourth quarter. Long Run Wealth Advisors LLC now owns 7,148 shares of the company’s stock worth $358,000 after buying an additional 1,498 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA:VTEB opened at $50.23 on Friday. Vanguard Tax-Exempt Bond ETF has a twelve month low of $49.49 and a twelve month high of $51.17. The company’s 50-day moving average price is $50.25 and its 200-day moving average price is $50.53.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were paid a $0.1317 dividend. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, February 3rd.

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.