Joel Adams & Associates Inc. Makes New Investment in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Joel Adams & Associates Inc. bought a new stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 221,743 shares of the company’s stock, valued at approximately $11,116,000. Vanguard Tax-Exempt Bond ETF makes up approximately 10.1% of Joel Adams & Associates Inc.’s holdings, making the stock its 3rd biggest holding.

Other institutional investors have also made changes to their positions in the company. Safe Harbor Fiduciary LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at about $29,000. Bogart Wealth LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 2,942.1% during the third quarter. Bogart Wealth LLC now owns 578 shares of the company’s stock valued at $30,000 after purchasing an additional 559 shares during the last quarter. Peterson Wealth Services acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at approximately $80,000. New Republic Capital LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at approximately $83,000. Finally, Eastern Bank bought a new position in Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth approximately $86,000.

Vanguard Tax-Exempt Bond ETF Trading Down 0.2 %

Shares of VTEB opened at $50.07 on Wednesday. The business’s fifty day moving average price is $50.12 and its two-hundred day moving average price is $50.52. Vanguard Tax-Exempt Bond ETF has a 52 week low of $49.49 and a 52 week high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.