PNC Financial Services Group Inc. Buys 153,764 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

PNC Financial Services Group Inc. lifted its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 6.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,536,729 shares of the company’s stock after buying an additional 153,764 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.40% of Vanguard Tax-Exempt Bond ETF worth $127,166,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Red Lighthouse Investment Management LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter worth about $165,000. Oak Hill Wealth Advisors LLC lifted its holdings in Vanguard Tax-Exempt Bond ETF by 200.6% in the fourth quarter. Oak Hill Wealth Advisors LLC now owns 32,094 shares of the company’s stock valued at $1,609,000 after acquiring an additional 64,003 shares during the period. Haven Private LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF during the fourth quarter worth $561,000. Evergreen Private Wealth LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter worth about $122,000. Finally, K2 Financial Inc. acquired a new stake in Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at approximately $3,586,000.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB stock opened at $50.07 on Friday. Vanguard Tax-Exempt Bond ETF has a 52 week low of $49.49 and a 52 week high of $51.17. The firm has a 50-day simple moving average of $50.14 and a 200-day simple moving average of $50.48.

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 given 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 of this dividend 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.