Grand Wealth Management LLC Increases Stock Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Grand Wealth Management LLC lifted its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 28.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,896 shares of the company’s stock after buying an additional 15,016 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up about 1.9% of Grand Wealth Management LLC’s holdings, making the stock its 12th biggest holding. Grand Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,353,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of VTEB. D.A. Davidson & CO. lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 97.2% in the third quarter. D.A. Davidson & CO. now owns 9,301 shares of the company’s stock worth $475,000 after buying an additional 4,584 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Vanguard Tax-Exempt Bond ETF by 4.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 164,029 shares of the company’s stock valued at $8,377,000 after acquiring an additional 6,468 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at $4,015,000. HighTower Advisors LLC increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 6.4% in the 3rd quarter. HighTower Advisors LLC now owns 1,959,986 shares of the company’s stock worth $100,185,000 after purchasing an additional 118,433 shares in the last quarter. Finally, IHT Wealth Management LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 34.3% in the third quarter. IHT Wealth Management LLC now owns 102,766 shares of the company’s stock worth $5,254,000 after purchasing an additional 26,225 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Down 0.3 %

NYSEARCA VTEB opened at $49.54 on Thursday. Vanguard Tax-Exempt Bond ETF has a one year low of $49.24 and a one year high of $51.17. The stock has a 50-day moving average of $50.04 and a 200 day moving average of $50.34.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.1317 per share. The ex-dividend date is Tuesday, April 1st. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

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.