M&T Bank Corp Purchases 58,702 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

M&T Bank Corp raised its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 761,525 shares of the company’s stock after buying an additional 58,702 shares during the quarter. M&T Bank Corp owned about 0.12% of Vanguard Tax-Exempt Bond ETF worth $38,175,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Safe Harbor Fiduciary LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at approximately $29,000. Advantage Trust Co acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at approximately $42,000. Cromwell Holdings LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at approximately $48,000. Peterson Wealth Services acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at approximately $80,000. Finally, New Republic Capital LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at approximately $83,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB opened at $50.30 on Wednesday. The company’s 50 day moving average is $50.13 and its 200-day moving average is $50.49. Vanguard Tax-Exempt Bond ETF has a 1-year low of $49.49 and a 1-year high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, March 3rd will be given a dividend of $0.1317 per share. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase 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.