Modern Wealth Management LLC Buys 18,511 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Modern Wealth Management LLC lifted its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 105.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 36,072 shares of the company’s stock after acquiring an additional 18,511 shares during the period. Modern Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,812,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in Vanguard Tax-Exempt Bond ETF by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,676,296 shares of the company’s stock valued at $1,638,063,000 after purchasing an additional 1,116,602 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at about $1,041,552,000. Brooklyn FI LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 6,485.4% during the 4th quarter. Brooklyn FI LLC now owns 16,565,228 shares of the company’s stock valued at $837,418,000 after buying an additional 16,313,682 shares in the last quarter. LPL Financial LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 8.5% in the 4th quarter. LPL Financial LLC now owns 5,411,784 shares of the company’s stock worth $271,293,000 after buying an additional 421,714 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Vanguard Tax-Exempt Bond ETF by 18.2% in the third quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock worth $269,411,000 after buying an additional 818,486 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB stock opened at $49.59 on Wednesday. Vanguard Tax-Exempt Bond ETF has a one year low of $49.49 and a one year high of $51.17. The company’s 50 day moving average price is $50.09 and its two-hundred day moving average price is $50.40.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were paid a $0.1317 dividend. The ex-dividend date was Monday, March 3rd. This is an increase 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.