UNIVEST FINANCIAL Corp Acquires 50,851 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

UNIVEST FINANCIAL Corp boosted its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 85.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 110,602 shares of the company’s stock after purchasing an additional 50,851 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Vanguard Tax-Exempt Bond ETF were worth $5,544,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. grew its position in Vanguard Tax-Exempt Bond ETF by 29.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 470,485 shares of the company’s stock worth $23,585,000 after buying an additional 108,101 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 18.6% during the 3rd quarter. Captrust Financial Advisors now owns 294,682 shares of the company’s stock worth $15,064,000 after purchasing an additional 46,219 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of Vanguard Tax-Exempt Bond ETF by 12.0% during the fourth quarter. D.A. Davidson & CO. now owns 10,417 shares of the company’s stock valued at $522,000 after purchasing an additional 1,116 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter valued at approximately $103,000. Finally, Eclectic Associates Inc. ADV raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 5.3% in the fourth quarter. Eclectic Associates Inc. ADV now owns 19,187 shares of the company’s stock valued at $962,000 after purchasing an additional 972 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Down 0.2 %

VTEB opened at $49.59 on Wednesday. The firm’s fifty day moving average price is $50.09 and its two-hundred day moving average price is $50.40. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $49.49 and a fifty-two week high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were paid a $0.1317 dividend. The ex-dividend date was Monday, March 3rd. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

Vanguard Tax-Exempt Bond ETF 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.