Kuhn & Co Investment Counsel Acquires 1,999 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Kuhn & Co Investment Counsel lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,439 shares of the company’s stock after purchasing an additional 1,999 shares during the period. Vanguard Tax-Exempt Bond ETF accounts for about 1.6% of Kuhn & Co Investment Counsel’s portfolio, making the stock its 14th biggest position. Kuhn & Co Investment Counsel’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,927,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in VTEB. Strategic Financial Concepts LLC acquired a new position in Vanguard Tax-Exempt Bond ETF during the 4th quarter worth approximately $1,587,000. Allworth Financial LP raised its stake in Vanguard Tax-Exempt Bond ETF by 15.4% during the 4th quarter. Allworth Financial LP now owns 649,434 shares of the company’s stock worth $32,491,000 after buying an additional 86,697 shares during the period. Principal Securities Inc. raised its stake in Vanguard Tax-Exempt Bond ETF by 2.8% during the 4th quarter. Principal Securities Inc. now owns 119,105 shares of the company’s stock worth $5,971,000 after buying an additional 3,253 shares during the period. Legacy Capital Wealth Partners LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 18.5% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 14,156 shares of the company’s stock worth $710,000 after buying an additional 2,209 shares during the period. Finally, Newman Dignan & Sheerar Inc. raised its stake in Vanguard Tax-Exempt Bond ETF by 4.5% during the 4th quarter. Newman Dignan & Sheerar Inc. now owns 152,718 shares of the company’s stock worth $7,656,000 after buying an additional 6,606 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Up 0.1 %

VTEB stock opened at $50.19 on Friday. The stock’s 50 day simple moving average is $50.14 and its 200 day simple moving average is $50.52. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $49.49 and a fifty-two week high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were paid a dividend of $0.1317 per share. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date was Monday, February 3rd.

About Vanguard Tax-Exempt Bond ETF

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.