Pinnacle Financial Partners Inc Raises Stock Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Pinnacle Financial Partners Inc boosted its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 564,824 shares of the company’s stock after purchasing an additional 16,927 shares during the quarter. Pinnacle Financial Partners Inc owned about 0.09% of Vanguard Tax-Exempt Bond ETF worth $28,760,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sigma Planning Corp increased its stake in Vanguard Tax-Exempt Bond ETF by 155.0% in the 4th quarter. Sigma Planning Corp now owns 16,121 shares of the company’s stock valued at $808,000 after buying an additional 9,798 shares during the period. Wealth Management Nebraska acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter worth $366,000. Advantage Trust Co acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter worth $42,000. Dahring Cusmano LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter worth $741,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter worth $732,000.

Vanguard Tax-Exempt Bond ETF Stock Up 0.3 %

NYSEARCA:VTEB opened at $50.36 on Friday. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $49.49 and a fifty-two week high of $51.17. The firm’s fifty day simple moving average is $50.08 and its 200-day simple moving average is $50.51.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.1317 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

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.