Meridian Wealth Partners LLC Has $4.75 Million Stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Meridian Wealth Partners LLC reduced its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,648 shares of the company’s stock after selling 5,279 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for 0.7% of Meridian Wealth Partners LLC’s portfolio, making the stock its 23rd largest position. Meridian Wealth Partners LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $4,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in VTEB. Charles Schwab Investment Management Inc. boosted its holdings in Vanguard Tax-Exempt Bond ETF by 3.5% in 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 acquiring an additional 1,116,602 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at approximately $1,041,552,000. Brooklyn FI LLC increased its position 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 worth $837,418,000 after purchasing an additional 16,313,682 shares during the last quarter. LPL Financial LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 8.5% during the 4th quarter. LPL Financial LLC now owns 5,411,784 shares of the company’s stock worth $271,293,000 after purchasing an additional 421,714 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Vanguard Tax-Exempt Bond ETF by 18.2% during the 3rd quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock worth $269,411,000 after purchasing an additional 818,486 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Down 0.2 %

Shares of NYSEARCA VTEB opened at $49.78 on Friday. Vanguard Tax-Exempt Bond ETF has a 12 month low of $49.49 and a 12 month high of $51.17. The stock has a 50 day moving average of $50.09 and a 200-day moving average of $50.42.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were paid 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 of this dividend was Monday, March 3rd.

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.