Prudential Financial Inc. Sells 55,123 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Prudential Financial Inc. reduced its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 75.4% in the 4th quarter, Holdings Channel reports. The firm owned 18,000 shares of the company’s stock after selling 55,123 shares during the period. Prudential Financial Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $902,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Advantage Trust Co bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at approximately $42,000. Cromwell Holdings LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter worth $48,000. Millstone Evans Group LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter worth $57,000. Peterson Wealth Services bought a new position in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at $80,000. Finally, New Republic Capital LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at $83,000.

Vanguard Tax-Exempt Bond ETF Stock Down 2.0 %

Shares of VTEB opened at $48.85 on Tuesday. Vanguard Tax-Exempt Bond ETF has a 12-month low of $48.63 and a 12-month high of $51.17. The business has a 50-day simple moving average of $50.01 and a two-hundred day simple moving average of $50.31.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were paid a $0.1317 dividend. The ex-dividend date was Tuesday, April 1st. 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.