Sovran Advisors LLC Takes Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Sovran Advisors LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 4th quarter, Holdings Channel reports. The fund purchased 7,066 shares of the company’s stock, valued at approximately $350,000.

Several other large investors have also recently bought and sold shares of the business. Merkkuri Wealth Advisors LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 1.8% during the 3rd quarter. Merkkuri Wealth Advisors LLC now owns 11,451 shares of the company’s stock worth $585,000 after purchasing an additional 202 shares during the period. FSC Wealth Advisors LLC increased 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 valued at $343,000 after purchasing an additional 216 shares in the last quarter. Cypress Wealth Services LLC increased its stake 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 purchasing an additional 223 shares in the last quarter. Family Investment Center Inc. increased its stake in Vanguard Tax-Exempt Bond ETF by 4.1% in the 4th quarter. Family Investment Center Inc. now owns 5,651 shares of the company’s stock valued at $283,000 after purchasing an additional 223 shares in the last quarter. Finally, Allen Capital Group LLC increased its stake in Vanguard Tax-Exempt Bond ETF by 4.0% in the 4th quarter. Allen Capital Group LLC now owns 5,971 shares of the company’s stock valued at $299,000 after purchasing an additional 227 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Down 0.5 %

Vanguard Tax-Exempt Bond ETF stock opened at $49.93 on Thursday. The firm’s 50-day simple moving average is $50.20 and its 200 day simple moving average is $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 company also recently declared a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.1317 per share. 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 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.