Davidson Investment Advisors Increases Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Davidson Investment Advisors grew its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 14.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 345,603 shares of the company’s stock after acquiring an additional 42,623 shares during the quarter. Davidson Investment Advisors owned about 0.05% of Vanguard Tax-Exempt Bond ETF worth $17,325,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Steele Capital Management Inc. lifted its position in Vanguard Tax-Exempt Bond ETF by 200.0% during the 4th quarter. Steele Capital Management Inc. now owns 75,305 shares of the company’s stock worth $3,775,000 after acquiring an additional 50,200 shares during the period. Kestra Investment Management LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 8.8% during the 4th quarter. Kestra Investment Management LLC now owns 767,016 shares of the company’s stock worth $38,450,000 after acquiring an additional 62,228 shares during the period. D.A. Davidson & CO. lifted its position in Vanguard Tax-Exempt Bond ETF by 12.0% during the 4th quarter. D.A. Davidson & CO. now owns 10,417 shares of the company’s stock worth $522,000 after acquiring an additional 1,116 shares during the period. Empower Advisory Group LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 13.1% during the 4th quarter. Empower Advisory Group LLC now owns 355,174 shares of the company’s stock worth $17,805,000 after acquiring an additional 41,058 shares during the period. Finally, Truist Financial Corp lifted its position in Vanguard Tax-Exempt Bond ETF by 42.6% during the 4th quarter. Truist Financial Corp now owns 838,048 shares of the company’s stock worth $42,011,000 after acquiring an additional 250,167 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of VTEB stock opened at $50.19 on Tuesday. The business has a 50-day simple moving average of $50.14 and a 200-day simple moving average of $50.52. 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 firm also recently disclosed a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were given 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 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.