SwitchPoint Financial Planning LLC Makes New Investment in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

SwitchPoint Financial Planning LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 37,758 shares of the company’s stock, valued at approximately $1,893,000. Vanguard Tax-Exempt Bond ETF comprises about 1.8% of SwitchPoint Financial Planning LLC’s investment portfolio, making the stock its 15th biggest position.

Several other large investors also recently modified their holdings of VTEB. UNIVEST FINANCIAL Corp boosted its position in Vanguard Tax-Exempt Bond ETF by 85.1% during the fourth quarter. UNIVEST FINANCIAL Corp now owns 110,602 shares of the company’s stock valued at $5,544,000 after acquiring an additional 50,851 shares during the last quarter. Journey Beyond Wealth LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF during the fourth quarter worth approximately $1,749,000. Mosaic Advisors LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 0.6% in the fourth quarter. Mosaic Advisors LLC now owns 67,056 shares of the company’s stock worth $3,361,000 after purchasing an additional 387 shares in the last quarter. PKS Advisory Services LLC acquired a new position in Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at approximately $541,000. Finally, Prestige Wealth Management Group LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1.5% during the 4th quarter. Prestige Wealth Management Group LLC now owns 68,263 shares of the company’s stock worth $3,422,000 after buying an additional 1,023 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Down 0.2 %

Shares of VTEB stock opened at $49.59 on Wednesday. The firm has a 50 day moving average of $50.09 and a 200-day moving average of $50.40. 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 declared a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were paid a $0.1317 dividend. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date was Monday, March 3rd.

Vanguard Tax-Exempt Bond ETF 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.