11,682 Shares in Vanguard Tax-Exempt Bond ETF $VTEB Purchased by First Commonwealth Financial Corp PA

First Commonwealth Financial Corp PA acquired a new position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,682 shares of the company’s stock, valued at approximately $585,000.

Several other hedge funds have also recently modified their holdings of the company. Jane Street Group LLC lifted its holdings in Vanguard Tax-Exempt Bond ETF by 1,498.4% during the first quarter. Jane Street Group LLC now owns 187,400 shares of the company’s stock worth $9,299,000 after acquiring an additional 175,676 shares during the period. Rockefeller Capital Management L.P. grew its stake in Vanguard Tax-Exempt Bond ETF by 24.5% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 181,432 shares of the company’s stock valued at $8,896,000 after purchasing an additional 35,725 shares during the period. Brown Wealth Management LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 80.7% during the 2nd quarter. Brown Wealth Management LLC now owns 124,287 shares of the company’s stock valued at $6,094,000 after purchasing an additional 55,493 shares during the last quarter. Lodestone Wealth Management LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 2nd quarter worth $243,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 39.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 108,048,493 shares of the company’s stock worth $5,297,618,000 after purchasing an additional 30,774,028 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB opened at $50.27 on Thursday. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $47.02 and a fifty-two week high of $51.18. The firm has a 50-day moving average of $50.63 and a 200 day moving average of $50.35.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1487 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14.

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.