Pitcairn Co. Buys Shares of 7,477 Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Pitcairn Co. purchased a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,477 shares of the company’s stock, valued at approximately $375,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Redwood Investment Management LLC acquired a new position in Vanguard Tax-Exempt Bond ETF during the third quarter worth $276,000. Stifel Financial Corp lifted its stake in Vanguard Tax-Exempt Bond ETF by 6.3% during the 3rd quarter. Stifel Financial Corp now owns 1,286,871 shares of the company’s stock worth $65,785,000 after acquiring an additional 76,549 shares in the last quarter. Insigneo Advisory Services LLC boosted its holdings in Vanguard Tax-Exempt Bond ETF by 4.3% during the 3rd quarter. Insigneo Advisory Services LLC now owns 20,650 shares of the company’s stock valued at $1,056,000 after acquiring an additional 852 shares during the period. EP Wealth Advisors LLC grew its position in Vanguard Tax-Exempt Bond ETF by 6.4% in the 3rd quarter. EP Wealth Advisors LLC now owns 772,084 shares of the company’s stock valued at $39,469,000 after acquiring an additional 46,464 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in Vanguard Tax-Exempt Bond ETF by 4.9% during the third quarter. MML Investors Services LLC now owns 1,049,205 shares of the company’s stock worth $53,635,000 after purchasing an additional 49,468 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA VTEB opened at $49.85 on Friday. Vanguard Tax-Exempt Bond ETF has a one year low of $49.24 and a one year high of $51.17. The firm has a 50 day simple moving average of $50.04 and a 200-day simple moving average of $50.33.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were paid a $0.1317 dividend. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Tuesday, April 1st.

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.