Prime Capital Investment Advisors LLC Has $99.02 Million Holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Prime Capital Investment Advisors LLC lifted its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 5.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,975,205 shares of the company’s stock after acquiring an additional 100,249 shares during the period. Vanguard Tax-Exempt Bond ETF comprises 1.4% of Prime Capital Investment Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Prime Capital Investment Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $99,017,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VTEB. Valley Forge Investment Consultants Inc. ADV raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 5.5% in the 4th quarter. Valley Forge Investment Consultants Inc. ADV now owns 35,237 shares of the company’s stock valued at $1,766,000 after buying an additional 1,839 shares in the last quarter. Progressive Investment Management Corp raised its position in Vanguard Tax-Exempt Bond ETF by 12.9% in the fourth quarter. Progressive Investment Management Corp now owns 5,255 shares of the company’s stock worth $263,000 after purchasing an additional 599 shares in the last quarter. Orion Portfolio Solutions LLC lifted its stake in Vanguard Tax-Exempt Bond ETF by 18.3% during the fourth quarter. Orion Portfolio Solutions LLC now owns 448,459 shares of the company’s stock worth $22,481,000 after purchasing an additional 69,244 shares during the period. Blair William & Co. IL boosted its holdings in Vanguard Tax-Exempt Bond ETF by 1.0% during the fourth quarter. Blair William & Co. IL now owns 76,670 shares of the company’s stock valued at $3,843,000 after purchasing an additional 726 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 5.4% in the 4th quarter. JPMorgan Chase & Co. now owns 78,695,639 shares of the company’s stock valued at $3,945,012,000 after purchasing an additional 4,022,038 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

Vanguard Tax-Exempt Bond ETF stock opened at $49.54 on Friday. The business has a 50 day simple moving average of $50.06 and a 200 day simple moving average of $50.38. Vanguard Tax-Exempt Bond ETF has a one year low of $49.24 and a one year high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were given a $0.1317 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

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.