L.K. Benson & Company P.C. Invests $2.02 Million in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

L.K. Benson & Company P.C. bought a new stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 40,383 shares of the company’s stock, valued at approximately $2,024,000. Vanguard Tax-Exempt Bond ETF comprises about 1.4% of L.K. Benson & Company P.C.’s holdings, making the stock its 15th largest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Safe Harbor Fiduciary LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at $29,000. Advantage Trust Co acquired a new position in Vanguard Tax-Exempt Bond ETF during the fourth quarter valued at $42,000. Cromwell Holdings LLC acquired a new position in Vanguard Tax-Exempt Bond ETF during the fourth quarter valued at $48,000. Peterson Wealth Services purchased a new stake in Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at $80,000. Finally, New Republic Capital LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF during the 4th quarter worth about $83,000.

Vanguard Tax-Exempt Bond ETF Stock Up 0.1 %

Vanguard Tax-Exempt Bond ETF stock opened at $49.82 on Wednesday. The business’s 50-day moving average price is $50.09 and its 200 day moving average price is $50.44. 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 company also recently announced a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were paid a $0.1317 dividend. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date was Monday, March 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.