Phillips Financial Management LLC Lowers Stock Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Phillips Financial Management LLC lessened its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,876 shares of the company’s stock after selling 1,587 shares during the period. Phillips Financial Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,052,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thompson Siegel & Walmsley LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 7.5% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,074,230 shares of the company’s stock valued at $53,851,000 after acquiring an additional 74,859 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 4.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,238,124 shares of the company’s stock valued at $62,067,000 after purchasing an additional 50,276 shares during the last quarter. DecisionMap Wealth Management LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter worth approximately $259,000. CFO4Life Group LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 3.6% in the 4th quarter. CFO4Life Group LLC now owns 20,150 shares of the company’s stock worth $1,010,000 after buying an additional 694 shares during the last quarter. Finally, HBK Sorce Advisory LLC increased its position in Vanguard Tax-Exempt Bond ETF by 37.4% during the 4th quarter. HBK Sorce Advisory LLC now owns 677,785 shares of the company’s stock valued at $33,977,000 after buying an additional 184,384 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

Vanguard Tax-Exempt Bond ETF stock opened at $49.77 on Thursday. Vanguard Tax-Exempt Bond ETF has a 12 month low of $49.49 and a 12 month high of $51.17. The business’s fifty day simple moving average is $50.12 and its two-hundred day simple moving average is $50.46.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were paid a $0.1317 dividend. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date was Monday, March 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.