Pineridge Advisors LLC Reduces Stock Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Pineridge Advisors LLC decreased its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 23.5% in the 4th quarter, HoldingsChannel reports. The firm owned 9,283 shares of the company’s stock after selling 2,854 shares during the period. Pineridge Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $465,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Merkkuri Wealth Advisors LLC raised its position in shares of Vanguard Tax-Exempt Bond ETF by 1.8% in the third quarter. Merkkuri Wealth Advisors LLC now owns 11,451 shares of the company’s stock valued at $585,000 after buying an additional 202 shares during the last quarter. FSC Wealth Advisors LLC grew its stake in Vanguard Tax-Exempt Bond ETF by 3.3% in the 4th quarter. FSC Wealth Advisors LLC now owns 6,842 shares of the company’s stock worth $343,000 after acquiring an additional 216 shares during the period. Cypress Wealth Services LLC raised its holdings in Vanguard Tax-Exempt Bond ETF by 0.7% in the 4th quarter. Cypress Wealth Services LLC now owns 31,684 shares of the company’s stock valued at $1,588,000 after acquiring an additional 223 shares during the last quarter. Family Investment Center Inc. lifted its stake 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 purchasing an additional 223 shares during the period. Finally, Allen Capital Group LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 4.0% during the fourth quarter. Allen Capital Group LLC now owns 5,971 shares of the company’s stock worth $299,000 after purchasing an additional 227 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Up 0.0 %

Shares of NYSEARCA:VTEB opened at $50.24 on Tuesday. The business has a fifty day simple moving average of $50.23 and a 200-day simple moving average of $50.53. 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 firm also recently declared a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were issued 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, February 3rd.

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.