Penobscot Wealth Management Grows Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Penobscot Wealth Management raised its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 14.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,491 shares of the company’s stock after purchasing an additional 964 shares during the quarter. Penobscot Wealth Management’s holdings in Vanguard Tax-Exempt Bond ETF were worth $376,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Safe Harbor Fiduciary LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at $29,000. Advantage Trust Co acquired a new position in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at about $42,000. Cromwell Holdings LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at about $48,000. Peterson Wealth Services purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter worth about $80,000. Finally, New Republic Capital LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter worth about $83,000.

Vanguard Tax-Exempt Bond ETF Trading Down 0.4 %

Shares of NYSEARCA:VTEB opened at $49.77 on Thursday. Vanguard Tax-Exempt Bond ETF has a twelve month low of $49.49 and a twelve month high of $51.17. The company’s 50 day moving average is $50.12 and its 200 day moving average is $50.46.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were paid a $0.1317 dividend. The ex-dividend date was Monday, March 3rd. 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.