Riggs Capital Management LLC Purchases Shares of 11,649 Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Riggs Capital Management LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,649 shares of the company’s stock, valued at approximately $584,000.

Several other hedge funds have also made changes to their positions in the stock. Summit Financial LLC raised its holdings in Vanguard Tax-Exempt Bond ETF by 7.6% in the 4th quarter. Summit Financial LLC now owns 275,835 shares of the company’s stock valued at $13,828,000 after acquiring an additional 19,529 shares in the last quarter. Alliancebernstein L.P. acquired a new position in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at $4,850,000. C M Bidwell & Associates Ltd. raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 6.0% in the fourth quarter. C M Bidwell & Associates Ltd. now owns 67,555 shares of the company’s stock valued at $3,387,000 after purchasing an additional 3,794 shares in the last quarter. Partners in Financial Planning bought a new position in Vanguard Tax-Exempt Bond ETF in the fourth quarter worth $10,476,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF during the fourth quarter worth $1,536,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB stock opened at $49.54 on Monday. The firm has a fifty day moving average of $50.06 and a 200-day moving average of $50.37. Vanguard Tax-Exempt Bond ETF has a 52-week low of $49.24 and a 52-week high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were given a $0.1317 dividend. 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 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.