Independent Advisor Alliance Invests $5.14 Million in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Independent Advisor Alliance acquired a new stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 102,562 shares of the company’s stock, valued at approximately $5,141,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWA Asset Management Group LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF in the third quarter valued at $295,000. Assetmark Inc. increased its position in shares of Vanguard Tax-Exempt Bond ETF by 435.7% during the 3rd quarter. Assetmark Inc. now owns 5,443 shares of the company’s stock worth $278,000 after purchasing an additional 4,427 shares during the last quarter. Catalytic Wealth RIA LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at about $650,000. Apollon Wealth Management LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 1.3% in the third quarter. Apollon Wealth Management LLC now owns 102,669 shares of the company’s stock valued at $5,248,000 after buying an additional 1,366 shares during the last quarter. Finally, Harbour Investments Inc. lifted its position in Vanguard Tax-Exempt Bond ETF by 4.0% in the third quarter. Harbour Investments Inc. now owns 65,374 shares of the company’s stock valued at $3,342,000 after buying an additional 2,543 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Down 0.4 %

Shares of VTEB opened at $49.95 on Wednesday. The firm has a 50-day simple moving average of $50.13 and a two-hundred day simple moving average of $50.47. Vanguard Tax-Exempt Bond ETF has a 1-year low of $49.49 and a 1-year high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.