CIBC Private Wealth Group LLC Boosts Stock Holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

CIBC Private Wealth Group LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 31.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,083 shares of the company’s stock after acquiring an additional 8,140 shares during the period. CIBC Private Wealth Group LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 29.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 470,485 shares of the company’s stock worth $23,585,000 after purchasing an additional 108,101 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Vanguard Tax-Exempt Bond ETF by 12.0% during the 4th quarter. D.A. Davidson & CO. now owns 10,417 shares of the company’s stock valued at $522,000 after acquiring an additional 1,116 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at about $103,000. Eclectic Associates Inc. ADV grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 5.3% in the fourth quarter. Eclectic Associates Inc. ADV now owns 19,187 shares of the company’s stock worth $962,000 after acquiring an additional 972 shares during the period. Finally, Hill Island Financial LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 1,061.7% in the fourth quarter. Hill Island Financial LLC now owns 63,418 shares of the company’s stock worth $3,179,000 after acquiring an additional 57,959 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB stock opened at $49.80 on Friday. Vanguard Tax-Exempt Bond ETF has a 12-month low of $49.24 and a 12-month high of $51.17. The firm’s 50 day moving average is $50.04 and its 200 day moving average is $50.34.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were paid a $0.1317 dividend. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date was Tuesday, April 1st.

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.