HighTower Advisors LLC Has $139.24 Million Stock Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

HighTower Advisors LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 41.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,777,472 shares of the company’s stock after acquiring an additional 817,486 shares during the period. HighTower Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $139,235,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. FSC Wealth Advisors LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 3.3% during the 4th quarter. FSC Wealth Advisors LLC now owns 6,842 shares of the company’s stock worth $343,000 after buying an additional 216 shares in the last quarter. Cypress Wealth Services LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 0.7% during the 4th quarter. Cypress Wealth Services LLC now owns 31,684 shares of the company’s stock worth $1,588,000 after buying an additional 223 shares in the last quarter. Family Investment Center Inc. raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 4.1% during the 4th quarter. Family Investment Center Inc. now owns 5,651 shares of the company’s stock worth $283,000 after buying an additional 223 shares in the last quarter. Allen Capital Group LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 4.0% during the 4th quarter. Allen Capital Group LLC now owns 5,971 shares of the company’s stock worth $299,000 after buying an additional 227 shares in the last quarter. Finally, Lpwm LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1.5% during the 4th quarter. Lpwm LLC now owns 16,792 shares of the company’s stock worth $842,000 after buying an additional 245 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB stock opened at $49.95 on Wednesday. Vanguard Tax-Exempt Bond ETF has a twelve month low of $49.49 and a twelve month high of $51.17. The stock’s fifty day simple moving average is $50.13 and its 200 day simple moving average is $50.47.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were given a dividend of $0.1317 per share. The ex-dividend date was 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 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.