Modern Wealth Management LLC Buys 18,511 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Modern Wealth Management LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 105.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 36,072 shares of the company’s stock after purchasing an additional 18,511 shares during the period. Modern Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,812,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in VTEB. Safe Harbor Fiduciary LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the third quarter worth about $29,000. Advantage Trust Co bought a new stake in Vanguard Tax-Exempt Bond ETF during the 4th quarter worth approximately $42,000. Cromwell Holdings LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF in the 4th quarter worth approximately $48,000. Millstone Evans Group LLC bought a new position in Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at $57,000. Finally, Peterson Wealth Services purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at $80,000.

Vanguard Tax-Exempt Bond ETF Stock Down 0.2 %

Vanguard Tax-Exempt Bond ETF stock opened at $49.59 on Wednesday. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $49.49 and a fifty-two week high of $51.17. The firm’s fifty day moving average price is $50.09 and its 200-day moving average price is $50.40.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were paid a $0.1317 dividend. This is a positive change 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.