Charles Schwab Investment Management Inc. Buys 1,116,602 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Charles Schwab Investment Management Inc. raised its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,676,296 shares of the company’s stock after purchasing an additional 1,116,602 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.05% of Vanguard Tax-Exempt Bond ETF worth $1,638,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Captrust Financial Advisors lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 18.6% during the third quarter. Captrust Financial Advisors now owns 294,682 shares of the company’s stock worth $15,064,000 after purchasing an additional 46,219 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at about $103,000. D.A. Davidson & CO. grew its stake in Vanguard Tax-Exempt Bond ETF by 12.0% in the fourth quarter. D.A. Davidson & CO. now owns 10,417 shares of the company’s stock valued at $522,000 after purchasing an additional 1,116 shares during the last quarter. Eclectic Associates Inc. ADV increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 5.3% during the fourth quarter. Eclectic Associates Inc. ADV now owns 19,187 shares of the company’s stock valued at $962,000 after acquiring an additional 972 shares in the last quarter. Finally, Souders Financial Advisors increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1.1% during the third quarter. Souders Financial Advisors now owns 27,666 shares of the company’s stock valued at $1,414,000 after acquiring an additional 295 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB opened at $50.46 on Tuesday. Vanguard Tax-Exempt Bond ETF has a 52-week low of $49.49 and a 52-week high of $51.17. The firm’s 50-day moving average price is $50.12 and its 200-day moving average price is $50.50.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd will be given a $0.1317 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

Vanguard Tax-Exempt Bond ETF 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.