Steph & Co. Increases Stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Steph & Co. lifted its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 37.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,280 shares of the company’s stock after buying an additional 21,126 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up about 1.9% of Steph & Co.’s investment portfolio, making the stock its 15th largest position. Steph & Co.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,945,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. TriaGen Wealth Management LLC boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 1.0% during the 4th quarter. TriaGen Wealth Management LLC now owns 21,112 shares of the company’s stock valued at $1,078,000 after acquiring an additional 206 shares during the last quarter. Pinnacle Associates Ltd. lifted its position in Vanguard Tax-Exempt Bond ETF by 0.4% during the third quarter. Pinnacle Associates Ltd. now owns 49,291 shares of the company’s stock valued at $2,371,000 after purchasing an additional 215 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 2.1% in the 1st quarter. Ameritas Investment Partners Inc. now owns 10,996 shares of the company’s stock worth $566,000 after buying an additional 223 shares during the last quarter. Kohmann Bosshard Financial Services LLC raised its position in shares of Vanguard Tax-Exempt Bond ETF by 1.6% during the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 14,894 shares of the company’s stock valued at $716,000 after buying an additional 239 shares in the last quarter. Finally, Snider Financial Group lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 0.6% in the 4th quarter. Snider Financial Group now owns 38,914 shares of the company’s stock valued at $1,987,000 after acquiring an additional 248 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Up 0.0 %

NYSEARCA VTEB traded up $0.01 during trading hours on Wednesday, hitting $49.91. 4,781,625 shares of the company were exchanged, compared to its average volume of 4,219,761. Vanguard Tax-Exempt Bond ETF has a 52 week low of $47.14 and a 52 week high of $51.15. The stock has a 50-day moving average price of $50.51 and a 200 day moving average price of $49.90.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were issued a $0.1279 dividend. The ex-dividend date was Monday, 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.