Schmidt P J Investment Management Inc. Purchases 263 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Schmidt P J Investment Management Inc. raised its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 0.3% in the 4th quarter, Holdings Channel reports. The firm owned 94,118 shares of the company’s stock after acquiring an additional 263 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $4,718,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VTEB. AQR Capital Management LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the 2nd quarter worth $516,000. Brewster Financial Planning LLC grew its position in Vanguard Tax-Exempt Bond ETF by 38.1% in the third quarter. Brewster Financial Planning LLC now owns 13,012 shares of the company’s stock valued at $665,000 after acquiring an additional 3,590 shares during the last quarter. Towneley Capital Management Inc DE raised its stake in Vanguard Tax-Exempt Bond ETF by 5.6% during the third quarter. Towneley Capital Management Inc DE now owns 117,536 shares of the company’s stock worth $6,008,000 after acquiring an additional 6,220 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 7.7% in the third quarter. Brookstone Capital Management now owns 307,631 shares of the company’s stock worth $15,726,000 after acquiring an additional 21,963 shares during the last quarter. Finally, Marquette Asset Management LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at approximately $59,000.

Vanguard Tax-Exempt Bond ETF Trading Up 0.4 %

VTEB stock opened at $50.36 on Thursday. Vanguard Tax-Exempt Bond ETF has a 1 year low of $49.49 and a 1 year high of $51.17. The company has a 50 day simple moving average of $50.27 and a 200 day simple moving average of $50.54.

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 an increase from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date 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.