Latitude Advisors LLC Purchases Shares of 5,635 Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Latitude Advisors LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 5,635 shares of the company’s stock, valued at approximately $282,000.

A number of other hedge funds have also modified their holdings of VTEB. Charles Schwab Investment Management Inc. boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock valued at $1,613,332,000 after purchasing an additional 1,003,475 shares during the period. Franklin Resources Inc. increased its position in shares of Vanguard Tax-Exempt Bond ETF by 18.2% in the third quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock worth $269,411,000 after acquiring an additional 818,486 shares in the last quarter. Astoria Strategic Wealth Inc. acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the third quarter worth $33,647,000. Wealth Enhancement Advisory Services LLC raised its position in Vanguard Tax-Exempt Bond ETF by 35.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,041,612 shares of the company’s stock valued at $104,367,000 after buying an additional 535,526 shares during the period. Finally, One Wealth Advisors LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth about $23,802,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB stock opened at $50.24 on Tuesday. The firm has a 50 day simple moving average of $50.23 and a 200 day simple moving average of $50.53. Vanguard Tax-Exempt Bond ETF has a 52 week low of $49.49 and a 52 week high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were issued a dividend of $0.1317 per share. 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.