Wells Fargo & Company MN Has $605.99 Million Stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Wells Fargo & Company MN boosted its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,088,367 shares of the company’s stock after purchasing an additional 201,617 shares during the period. Wells Fargo & Company MN’s holdings in Vanguard Tax-Exempt Bond ETF were worth $605,990,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 5.4% in the fourth 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 last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 worth $1,638,063,000 after buying an additional 1,116,602 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at about $1,041,552,000. Brooklyn FI LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 6,485.4% in the fourth quarter. Brooklyn FI LLC now owns 16,565,228 shares of the company’s stock valued at $837,418,000 after buying an additional 16,313,682 shares during the period. Finally, TIAA Trust National Association lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 17.5% during the 4th quarter. TIAA Trust National Association now owns 15,533,140 shares of the company’s stock valued at $778,677,000 after acquiring an additional 2,308,219 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB stock opened at $49.85 on Friday. The company’s 50-day moving average price is $50.04 and its two-hundred day moving average price is $50.33. Vanguard Tax-Exempt Bond ETF has a 12 month low of $49.24 and a 12 month high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were paid a $0.1317 dividend. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date was 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.