Bedel Financial Consulting Inc. Has $32.21 Million Stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Bedel Financial Consulting Inc. boosted its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 2.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 639,565 shares of the company’s stock after purchasing an additional 17,611 shares during the period. Vanguard Tax-Exempt Bond ETF accounts for approximately 4.5% of Bedel Financial Consulting Inc.’s portfolio, making the stock its 3rd biggest position. Bedel Financial Consulting Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $32,208,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VTEB. Captrust Financial Advisors increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 18.6% in the 3rd quarter. Captrust Financial Advisors now owns 294,682 shares of the company’s stock worth $15,064,000 after purchasing 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 4th quarter worth $103,000. D.A. Davidson & CO. increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 12.0% in the 4th 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 in the last quarter. Eclectic Associates Inc. ADV increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 5.3% in the 4th quarter. Eclectic Associates Inc. ADV now owns 19,187 shares of the company’s stock worth $962,000 after purchasing an additional 972 shares in the last quarter. Finally, Souders Financial Advisors increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1.1% in the 3rd quarter. Souders Financial Advisors now owns 27,666 shares of the company’s stock worth $1,414,000 after purchasing an additional 295 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

Vanguard Tax-Exempt Bond ETF stock opened at $50.46 on Tuesday. The stock has a fifty day simple moving average of $50.12 and a two-hundred day simple moving average of $50.50. 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 firm also recently announced a dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd will be issued a $0.1317 dividend. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date of this dividend is Monday, March 3rd.

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.