Franklin Resources Inc. Purchases 1,420,106 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Posted by Latisha Jones on Apr 1st, 2025

Franklin Resources Inc. grew its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB – Free Report) by 26.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,742,321 shares of the company’s stock after acquiring an additional 1,420,106 shares during the period. Franklin Resources Inc. owned about 1.06% of Vanguard Tax-Exempt Bond ETF worth $337,993,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Riggs Capital Management LLC purchased a new position in Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at about $584,000. Summit Financial LLC grew its position in shares of Vanguard Tax-Exempt Bond ETF by 7.6% in the 4th quarter. Summit Financial LLC now owns 275,835 shares of the company’s stock worth $13,828,000 after buying an additional 19,529 shares during the last quarter. Alliancebernstein L.P. purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter valued at approximately $4,850,000. C M Bidwell & Associates Ltd. raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 6.0% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 67,555 shares of the company’s stock valued at $3,387,000 after acquiring an additional 3,794 shares in the last quarter. Finally, Partners in Financial Planning purchased a new stake in Vanguard Tax-Exempt Bond ETF in the fourth quarter worth $10,476,000.

Vanguard Tax-Exempt Bond ETF Trading Up 0.2 %

NYSEARCA:VTEB opened at $49.62 on Tuesday. The firm’s fifty day simple moving average is $50.06 and its 200 day simple moving average is $50.36. Vanguard Tax-Exempt Bond ETF has a twelve month low of $49.24 and a twelve month high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.1317 per share. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date is Tuesday, April 1st.

Vanguard Tax-Exempt Bond ETF Profile

(Free Report)

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.