Diversified Portfolios Inc. Purchases Shares of 8,150 Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Diversified Portfolios Inc. acquired a new position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 8,150 shares of the company’s stock, valued at approximately $409,000.

Several other hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC acquired a new position in Vanguard Tax-Exempt Bond ETF in the second quarter worth approximately $516,000. Procyon Advisors LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 10.2% during the 3rd quarter. Procyon Advisors LLC now owns 15,451 shares of the company’s stock worth $790,000 after acquiring an additional 1,434 shares in the last quarter. CX Institutional boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 3.2% during the 3rd quarter. CX Institutional now owns 377,285 shares of the company’s stock worth $19,287,000 after acquiring an additional 11,782 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 7.9% in the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,618,618 shares of the company’s stock worth $184,984,000 after acquiring an additional 265,307 shares during the last quarter. Finally, Occidental Asset Management LLC raised its position in shares of Vanguard Tax-Exempt Bond ETF by 20.7% during the third quarter. Occidental Asset Management LLC now owns 6,934 shares of the company’s stock worth $354,000 after purchasing an additional 1,187 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Down 0.2 %

Shares of NYSEARCA VTEB opened at $50.16 on Wednesday. Vanguard Tax-Exempt Bond ETF has a 12 month low of $49.49 and a 12 month high of $51.17. The business has a fifty day simple moving average of $50.21 and a 200-day simple moving average of $50.53.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently disclosed 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. The ex-dividend date was Monday, February 3rd. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

About Vanguard Tax-Exempt Bond ETF

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.