K2 Financial Inc. Makes New Investment in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

K2 Financial Inc. bought a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 4th quarter, HoldingsChannel.com reports. The fund bought 72,302 shares of the company’s stock, valued at approximately $3,586,000. Vanguard Tax-Exempt Bond ETF comprises approximately 3.6% of K2 Financial Inc.’s holdings, making the stock its 5th largest position.

Several other institutional investors have also recently bought and sold shares of VTEB. Janney Montgomery Scott LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 8.7% during the third quarter. Janney Montgomery Scott LLC now owns 247,188 shares of the company’s stock worth $12,636,000 after acquiring an additional 19,799 shares in the last quarter. NorthRock Partners LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 8.3% during the third quarter. NorthRock Partners LLC now owns 4,456 shares of the company’s stock worth $228,000 after acquiring an additional 340 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 7.8% during the third quarter. Concurrent Investment Advisors LLC now owns 81,911 shares of the company’s stock worth $4,187,000 after acquiring an additional 5,936 shares in the last quarter. Walkner Condon Financial Advisors LLC acquired a new position in Vanguard Tax-Exempt Bond ETF during the third quarter worth about $204,000. Finally, WoodTrust Financial Corp acquired a new position in Vanguard Tax-Exempt Bond ETF during the third quarter worth about $421,000.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA VTEB opened at $50.09 on Friday. The stock has a 50-day moving average price of $50.13 and a two-hundred day moving average price of $50.49. Vanguard Tax-Exempt Bond ETF has a 12 month low of $49.49 and a 12 month high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were issued 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 was Monday, March 3rd.

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.