Pure Portfolios Holdings LLC Raises Stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Pure Portfolios Holdings LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 30.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,952 shares of the company’s stock after buying an additional 23,390 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises 1.9% of Pure Portfolios Holdings LLC’s portfolio, making the stock its 14th largest holding. Pure Portfolios Holdings LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $5,011,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Life Planning Partners Inc grew its stake in Vanguard Tax-Exempt Bond ETF by 3,575.6% during the fourth quarter. Life Planning Partners Inc now owns 1,387,949 shares of the company’s stock valued at $69,578,000 after acquiring an additional 1,350,188 shares in the last quarter. Charles Schwab Investment Management Inc. grew 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 purchasing an additional 1,003,475 shares in the last quarter. Franklin Resources Inc. grew 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 valued at $269,411,000 after purchasing an additional 818,486 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 35.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,041,612 shares of the company’s stock worth $104,367,000 after purchasing an additional 535,526 shares during the period. Finally, LPL Financial LLC raised its position in shares of Vanguard Tax-Exempt Bond ETF by 9.5% in the third quarter. LPL Financial LLC now owns 4,990,070 shares of the company’s stock worth $255,092,000 after buying an additional 433,676 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Vanguard Tax-Exempt Bond ETF stock 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 52 week low of $49.49 and a 52 week high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were given 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, 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.