Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Shares Purchased by FFT Wealth Management LLC

FFT Wealth Management LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 13.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 45,589 shares of the company’s stock after buying an additional 5,458 shares during the quarter. FFT Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $2,285,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VTEB. Life Planning Partners Inc raised its position in shares of Vanguard Tax-Exempt Bond ETF by 3,575.6% during the 4th quarter. Life Planning Partners Inc now owns 1,387,949 shares of the company’s stock worth $69,578,000 after purchasing an additional 1,350,188 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Vanguard Tax-Exempt Bond ETF by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock worth $1,613,332,000 after buying an additional 1,003,475 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 18.2% during the third quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock valued at $269,411,000 after acquiring an additional 818,486 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 35.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,041,612 shares of the company’s stock valued at $104,367,000 after acquiring an additional 535,526 shares in the last quarter. Finally, Jordan Park Group LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter worth approximately $23,287,000.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA VTEB opened at $50.54 on Wednesday. The business has a fifty day moving average price of $50.08 and a 200 day moving average price of $50.50. Vanguard Tax-Exempt Bond ETF has a one year low of $49.49 and a one year high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were paid a $0.1317 dividend. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, February 3rd.

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.