Kendall Capital Management Invests $441,000 in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Kendall Capital Management purchased a new position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,795 shares of the company’s stock, valued at approximately $441,000.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Vanguard Tax-Exempt Bond ETF during the fourth quarter valued at approximately $1,041,552,000. Life Planning Partners Inc raised its position in Vanguard Tax-Exempt Bond ETF by 3,575.6% during the fourth quarter. Life Planning Partners Inc now owns 1,387,949 shares of the company’s stock valued at $69,578,000 after acquiring an additional 1,350,188 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Vanguard Tax-Exempt Bond ETF by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,676,296 shares of the company’s stock valued at $1,638,063,000 after acquiring an additional 1,116,602 shares in the last quarter. Franklin Resources Inc. raised its position in Vanguard Tax-Exempt Bond ETF by 18.2% during the third quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock valued at $269,411,000 after acquiring an additional 818,486 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in Vanguard Tax-Exempt Bond ETF by 19.9% during the fourth quarter. Jones Financial Companies Lllp now owns 3,442,958 shares of the company’s stock valued at $172,596,000 after acquiring an additional 570,671 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Down 0.0 %

Shares of VTEB opened at $50.07 on Monday. The firm’s 50 day moving average price is $50.14 and its 200 day moving average price is $50.48. Vanguard Tax-Exempt Bond ETF has a twelve month low of $49.49 and a twelve month high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1317 per share. The ex-dividend date of this dividend 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.