JP Wealth Management Inc. Acquires Shares of 10,000 Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

JP Wealth Management Inc. purchased a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $501,000. Vanguard Tax-Exempt Bond ETF makes up approximately 0.4% of JP Wealth Management Inc.’s holdings, making the stock its 15th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Safe Harbor Fiduciary LLC bought a new position in Vanguard Tax-Exempt Bond ETF during the third quarter worth about $29,000. Bogart Wealth LLC increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 2,942.1% in the third quarter. Bogart Wealth LLC now owns 578 shares of the company’s stock worth $30,000 after purchasing an additional 559 shares during the period. Rise Advisors LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 235.1% in the 3rd quarter. Rise Advisors LLC now owns 1,099 shares of the company’s stock valued at $56,000 after acquiring an additional 771 shares in the last quarter. Moisand Fitzgerald Tamayo LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 131.4% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 1,141 shares of the company’s stock valued at $58,000 after purchasing an additional 648 shares in the last quarter. Finally, Marquette Asset Management LLC purchased a new position in Vanguard Tax-Exempt Bond ETF in the third quarter worth $59,000.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA VTEB opened at $50.07 on Tuesday. Vanguard Tax-Exempt Bond ETF has a 1-year low of $49.49 and a 1-year high of $51.17. The stock’s 50-day moving average is $50.30 and its 200 day moving average is $50.54.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.