Wells Fargo & Company MN Acquires 201,617 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Wells Fargo & Company MN raised its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,088,367 shares of the company’s stock after acquiring an additional 201,617 shares during the quarter. Wells Fargo & Company MN owned about 1.89% of Vanguard Tax-Exempt Bond ETF worth $605,990,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Redwood Investment Management LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at $276,000. Quadrature Capital Ltd bought a new stake in Vanguard Tax-Exempt Bond ETF in the third quarter valued at about $6,088,000. Safe Harbor Fiduciary LLC acquired a new position in Vanguard Tax-Exempt Bond ETF in the third quarter valued at about $29,000. Stifel Financial Corp grew its position in shares of 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 buying an additional 76,549 shares during the period. Finally, Texas Capital Bank Wealth Management Services Inc increased its stake in Vanguard Tax-Exempt Bond ETF by 27.3% in the third quarter. Texas Capital Bank Wealth Management Services Inc now owns 220,763 shares of the company’s stock valued at $11,285,000 after purchasing an additional 47,337 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Up 0.1 %

VTEB stock opened at $49.85 on Friday. Vanguard Tax-Exempt Bond ETF has a 1-year low of $49.24 and a 1-year high of $51.17. The business’s 50-day moving average price is $50.04 and its two-hundred day moving average price is $50.33.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business 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. The ex-dividend date was Tuesday, April 1st. 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.