Grand Wealth Management LLC Acquires 15,016 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Grand Wealth Management LLC increased its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 28.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,896 shares of the company’s stock after purchasing an additional 15,016 shares during the period. Vanguard Tax-Exempt Bond ETF accounts for 1.9% of Grand Wealth Management LLC’s holdings, making the stock its 12th biggest holding. Grand Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,353,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Cullen Frost Bankers Inc. boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 29.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 470,485 shares of the company’s stock valued at $23,585,000 after acquiring an additional 108,101 shares during the last quarter. D.A. Davidson & CO. lifted its position in 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 last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter worth $103,000. Eclectic Associates Inc. ADV increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 5.3% in the 4th quarter. Eclectic Associates Inc. ADV now owns 19,187 shares of the company’s stock worth $962,000 after buying an additional 972 shares during the last quarter. Finally, Hill Island Financial LLC increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1,061.7% in the 4th quarter. Hill Island Financial LLC now owns 63,418 shares of the company’s stock worth $3,179,000 after buying an additional 57,959 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Down 0.3 %

Shares of NYSEARCA:VTEB opened at $49.54 on Thursday. Vanguard Tax-Exempt Bond ETF has a 12 month low of $49.24 and a 12 month high of $51.17. The company has a 50-day moving average price of $50.04 and a 200 day moving average price of $50.34.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st will be issued a $0.1317 dividend. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date is Tuesday, April 1st.

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.