JFS Wealth Advisors LLC Sells 13,199 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

JFS Wealth Advisors LLC cut its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 783,483 shares of the company’s stock after selling 13,199 shares during the period. Vanguard Tax-Exempt Bond ETF accounts for 2.7% of JFS Wealth Advisors LLC’s investment portfolio, making the stock its 10th biggest position. JFS Wealth Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $39,276,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in VTEB. Life Planning Partners Inc lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 3,575.6% in the 4th quarter. Life Planning Partners Inc now owns 1,387,949 shares of the company’s stock worth $69,578,000 after buying an additional 1,350,188 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Vanguard Tax-Exempt Bond ETF by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock worth $1,613,332,000 after acquiring an additional 1,003,475 shares during the last quarter. 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 valued at $269,411,000 after acquiring an additional 818,486 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 35.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,041,612 shares of the company’s stock valued at $104,367,000 after purchasing an additional 535,526 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of Vanguard Tax-Exempt Bond ETF by 9.5% during the 3rd quarter. LPL Financial LLC now owns 4,990,070 shares of the company’s stock worth $255,092,000 after purchasing an additional 433,676 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA:VTEB opened at $50.19 on Monday. The business has a 50 day simple moving average of $50.14 and a 200 day simple moving average of $50.52. Vanguard Tax-Exempt Bond ETF has a 12-month low of $49.49 and a 12-month 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 issued a dividend of $0.1317 per share. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date was Monday, February 3rd.

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.