Bray Capital Advisors Purchases 800 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Bray Capital Advisors increased its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,279 shares of the company’s stock after purchasing an additional 800 shares during the period. Bray Capital Advisors’ holdings in Vanguard Tax-Exempt Bond ETF were worth $565,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Safe Harbor Fiduciary LLC bought a new position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at about $29,000. Bogart Wealth LLC lifted its stake in Vanguard Tax-Exempt Bond ETF by 2,942.1% during the 3rd quarter. Bogart Wealth LLC now owns 578 shares of the company’s stock valued at $30,000 after acquiring an additional 559 shares during the period. Cromwell Holdings LLC bought a new position in Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at about $48,000. Peterson Wealth Services bought a new position in Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at about $80,000. Finally, New Republic Capital LLC bought a new position in Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at about $83,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB opened at $50.22 on Friday. The company’s 50-day simple moving average is $50.08 and its two-hundred day simple moving average is $50.51. Vanguard Tax-Exempt Bond ETF has a 52-week low of $49.49 and a 52-week high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.1317 per share. The ex-dividend date was Monday, February 3rd. This is a boost 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.