Cullen Frost Bankers Inc. Purchases 108,101 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Cullen Frost Bankers Inc. boosted its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 29.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 470,485 shares of the company’s stock after purchasing an additional 108,101 shares during the quarter. Cullen Frost Bankers Inc. owned approximately 0.07% of Vanguard Tax-Exempt Bond ETF worth $23,585,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in VTEB. Proficio Capital Partners LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter valued at $1,742,000. M&T Bank Corp increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 8.4% during the fourth quarter. M&T Bank Corp now owns 761,525 shares of the company’s stock valued at $38,175,000 after acquiring an additional 58,702 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1,223.4% during the fourth quarter. Assetmark Inc. now owns 72,035 shares of the company’s stock valued at $3,611,000 after acquiring an additional 66,592 shares in the last quarter. Smithfield Trust Co increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 9.2% during the fourth quarter. Smithfield Trust Co now owns 227,276 shares of the company’s stock valued at $11,400,000 after acquiring an additional 19,111 shares in the last quarter. Finally, Souders Financial Advisors increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 8.4% during the fourth quarter. Souders Financial Advisors now owns 29,980 shares of the company’s stock valued at $1,503,000 after acquiring an additional 2,314 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA:VTEB opened at $50.23 on Thursday. Vanguard Tax-Exempt Bond ETF has a 1-year low of $49.49 and a 1-year high of $51.17. The business has a fifty day moving average price of $50.13 and a 200-day moving average price of $50.49.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business 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. The ex-dividend date was Monday, March 3rd. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

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.