12,425 Shares in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Purchased by Prospect Financial Group LLC

Prospect Financial Group LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,425 shares of the company’s stock, valued at approximately $623,000.

Several other institutional investors have also added to or reduced their stakes in the business. Modern Wealth Management LLC raised its position in shares of Vanguard Tax-Exempt Bond ETF by 105.4% in the fourth quarter. Modern Wealth Management LLC now owns 36,072 shares of the company’s stock valued at $1,812,000 after purchasing an additional 18,511 shares during the period. Congress Wealth Management LLC DE boosted its holdings in Vanguard Tax-Exempt Bond ETF by 0.6% in the 4th quarter. Congress Wealth Management LLC DE now owns 100,211 shares of the company’s stock worth $5,024,000 after buying an additional 550 shares during the period. Clune & Associates LTD. purchased a new position in Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at approximately $416,000. Vanguard Group Inc. raised its holdings in Vanguard Tax-Exempt Bond ETF by 42.5% during the 4th quarter. Vanguard Group Inc. now owns 3,500,157 shares of the company’s stock valued at $175,463,000 after acquiring an additional 1,044,587 shares during the period. Finally, Hill Island Financial LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 1,061.7% during the fourth quarter. Hill Island Financial LLC now owns 63,418 shares of the company’s stock worth $3,179,000 after acquiring an additional 57,959 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Down 0.2 %

Shares of NYSEARCA VTEB opened at $49.68 on Tuesday. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $49.49 and a fifty-two week high of $51.17. The stock has a fifty day moving average of $50.09 and a 200-day moving average of $50.41.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

Vanguard Tax-Exempt Bond ETF 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.