HUB Investment Partners LLC Has $2.93 Million Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

HUB Investment Partners LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 41.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 58,412 shares of the company’s stock after purchasing an additional 17,204 shares during the quarter. HUB Investment Partners LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $2,928,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,676,296 shares of the company’s stock worth $1,638,063,000 after purchasing an additional 1,116,602 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Vanguard Tax-Exempt Bond ETF during the fourth quarter valued at approximately $1,041,552,000. Brooklyn FI LLC raised its position in Vanguard Tax-Exempt Bond ETF by 6,485.4% during the fourth quarter. Brooklyn FI LLC now owns 16,565,228 shares of the company’s stock valued at $837,418,000 after purchasing an additional 16,313,682 shares in the last quarter. Franklin Resources Inc. raised its position in Vanguard Tax-Exempt Bond ETF by 18.2% during the third quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock valued at $269,411,000 after purchasing an additional 818,486 shares in the last quarter. Finally, LPL Financial LLC raised its position in Vanguard Tax-Exempt Bond ETF by 9.5% during the third quarter. LPL Financial LLC now owns 4,990,070 shares of the company’s stock valued at $255,092,000 after purchasing an additional 433,676 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB opened at $49.81 on Thursday. Vanguard Tax-Exempt Bond ETF has a one year low of $49.49 and a one year high of $51.17. The firm has a 50 day simple moving average of $50.09 and a two-hundred day simple moving average of $50.43.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were issued a $0.1317 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

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.