Meeder Advisory Services Inc. Purchases 151,852 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Meeder Advisory Services Inc. increased its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 10.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,666,364 shares of the company’s stock after purchasing an additional 151,852 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for about 5.2% of Meeder Advisory Services Inc.’s investment portfolio, making the stock its 2nd largest holding. Meeder Advisory Services Inc. owned about 0.26% of Vanguard Tax-Exempt Bond ETF worth $83,535,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of VTEB. Safe Harbor Fiduciary LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the third quarter valued at approximately $29,000. Nemes Rush Group LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 1,238.3% during the fourth quarter. Nemes Rush Group LLC now owns 629 shares of the company’s stock valued at $32,000 after purchasing an additional 582 shares in the last quarter. Advantage Trust Co bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter valued at about $42,000. Cromwell Holdings LLC bought a new position in Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at about $48,000. Finally, Millstone Evans Group LLC bought a new position in Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at about $57,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB stock opened at $49.68 on Wednesday. The firm’s 50-day moving average is $50.05 and its two-hundred day moving average is $50.35. Vanguard Tax-Exempt Bond ETF has a 52 week low of $49.24 and a 52 week high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st will be issued 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 is Tuesday, April 1st.

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.