Proffitt & Goodson Inc. Buys 2,794 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Proffitt & Goodson Inc. lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 12.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 24,695 shares of the company’s stock after purchasing an additional 2,794 shares during the quarter. Proffitt & Goodson Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,238,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Captrust Financial Advisors lifted its stake in Vanguard Tax-Exempt Bond ETF by 18.6% in the third quarter. Captrust Financial Advisors now owns 294,682 shares of the company’s stock valued at $15,064,000 after buying an additional 46,219 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at about $103,000. D.A. Davidson & CO. lifted its position in Vanguard Tax-Exempt Bond ETF by 12.0% during the fourth quarter. D.A. Davidson & CO. now owns 10,417 shares of the company’s stock worth $522,000 after purchasing an additional 1,116 shares during the period. Eclectic Associates Inc. ADV lifted its position in Vanguard Tax-Exempt Bond ETF by 5.3% during the fourth quarter. Eclectic Associates Inc. ADV now owns 19,187 shares of the company’s stock worth $962,000 after purchasing an additional 972 shares during the period. Finally, Souders Financial Advisors lifted its position in Vanguard Tax-Exempt Bond ETF by 1.1% during the third quarter. Souders Financial Advisors now owns 27,666 shares of the company’s stock worth $1,414,000 after purchasing an additional 295 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB stock opened at $50.66 on Friday. Vanguard Tax-Exempt Bond ETF has a 12 month low of $49.49 and a 12 month high of $51.17. The firm has a 50-day moving average price of $50.11 and a 200-day moving average price of $50.50.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.1317 per share. The ex-dividend date 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.