Maryland Capital Advisors Inc. Raises Holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Maryland Capital Advisors Inc. lifted its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 388.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,295 shares of the company’s stock after purchasing an additional 1,825 shares during the period. Maryland Capital Advisors Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Safe Harbor Fiduciary LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth $29,000. Bogart Wealth LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 2,942.1% in the 3rd quarter. Bogart Wealth LLC now owns 578 shares of the company’s stock worth $30,000 after buying an additional 559 shares during the last quarter. Peterson Wealth Services purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter worth $80,000. New Republic Capital LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter worth $83,000. Finally, Eastern Bank purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth $86,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB stock opened at $50.19 on Friday. The stock’s fifty day moving average price is $50.16 and its 200-day moving average price is $50.52. 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 business also recently announced a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were given a dividend of $0.1317 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase 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.