Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Shares Bought by Meridian Wealth Management LLC

Meridian Wealth Management LLC grew its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 63,249 shares of the company’s stock after purchasing an additional 989 shares during the period. Meridian Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,171,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of VTEB. Life Planning Partners Inc increased its position in shares of Vanguard Tax-Exempt Bond ETF by 3,575.6% in the fourth quarter. Life Planning Partners Inc now owns 1,387,949 shares of the company’s stock valued at $69,578,000 after buying an additional 1,350,188 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock valued at $1,613,332,000 after buying an additional 1,003,475 shares in the last quarter. Franklin Resources Inc. grew its stake in Vanguard Tax-Exempt Bond ETF by 18.2% in the 3rd 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. Jones Financial Companies Lllp increased its holdings in Vanguard Tax-Exempt Bond ETF by 19.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,442,958 shares of the company’s stock worth $172,596,000 after acquiring an additional 570,671 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in 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 worth $104,367,000 after acquiring an additional 535,526 shares during the period.

Vanguard Tax-Exempt Bond ETF Trading Down 0.4 %

Shares of NYSEARCA VTEB opened at $50.46 on Tuesday. The company’s 50-day simple moving average is $50.12 and its 200-day simple moving average is $50.50. 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 disclosed a dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.1317 per share. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date of this dividend is Monday, March 3rd.

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.