Hollencrest Capital Management Cuts Stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Hollencrest Capital Management lessened its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 19.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,279 shares of the company’s stock after selling 2,482 shares during the quarter. Hollencrest Capital Management’s holdings in Vanguard Tax-Exempt Bond ETF were worth $515,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. raised its stake in Vanguard Tax-Exempt Bond ETF by 29.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 470,485 shares of the company’s stock worth $23,585,000 after acquiring an additional 108,101 shares during the period. Captrust Financial Advisors raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 18.6% in the third quarter. Captrust Financial Advisors now owns 294,682 shares of the company’s stock valued at $15,064,000 after acquiring an additional 46,219 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of 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 acquiring an additional 1,116 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in Vanguard Tax-Exempt Bond ETF in the fourth quarter worth about $103,000. Finally, Eclectic Associates Inc. ADV raised its holdings in Vanguard Tax-Exempt Bond ETF by 5.3% in the fourth quarter. Eclectic Associates Inc. ADV now owns 19,187 shares of the company’s stock worth $962,000 after purchasing an additional 972 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Down 0.4 %

Shares of Vanguard Tax-Exempt Bond ETF stock opened at $49.95 on Wednesday. Vanguard Tax-Exempt Bond ETF has a one year low of $49.49 and a one year high of $51.17. The company has a 50-day simple moving average of $50.13 and a two-hundred day simple moving average of $50.47.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1317 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase 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.