DAVENPORT & Co LLC Purchases 2,223 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

DAVENPORT & Co LLC boosted its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,123 shares of the company’s stock after acquiring an additional 2,223 shares during the quarter. DAVENPORT & Co LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,966,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in Vanguard Tax-Exempt Bond ETF by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock valued at $1,613,332,000 after acquiring an additional 1,003,475 shares during the last quarter. Raymond James & Associates increased its stake in Vanguard Tax-Exempt Bond ETF by 0.4% in the third quarter. Raymond James & Associates now owns 17,969,381 shares of the company’s stock valued at $918,595,000 after acquiring an additional 75,969 shares during the last quarter. Franklin Resources Inc. increased its stake in Vanguard Tax-Exempt Bond ETF by 18.2% in the third quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock valued at $269,411,000 after acquiring an additional 818,486 shares during the last quarter. LPL Financial LLC increased its stake in Vanguard Tax-Exempt Bond ETF by 9.5% in the third quarter. LPL Financial LLC now owns 4,990,070 shares of the company’s stock valued at $255,092,000 after acquiring an additional 433,676 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC increased its stake in Vanguard Tax-Exempt Bond ETF by 6.1% in the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,837,927 shares of the company’s stock valued at $192,395,000 after acquiring an additional 219,309 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB opened at $50.07 on Tuesday. The business’s fifty day simple moving average is $50.30 and its 200 day simple moving average is $50.54. Vanguard Tax-Exempt Bond ETF has a 52 week low of $49.49 and a 52 week high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.