Alesco Advisors LLC Cuts Stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Alesco Advisors LLC lowered its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,943 shares of the company’s stock after selling 2,925 shares during the period. Alesco Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,105,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Jones Financial Companies Lllp increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 19.9% during the fourth quarter. Jones Financial Companies Lllp now owns 3,442,958 shares of the company’s stock worth $172,596,000 after purchasing an additional 570,671 shares in the last quarter. Modera Wealth Management LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 3.4% during the fourth quarter. Modera Wealth Management LLC now owns 677,339 shares of the company’s stock worth $33,955,000 after purchasing an additional 22,564 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 160.2% during the fourth quarter. SRS Capital Advisors Inc. now owns 45,616 shares of the company’s stock worth $2,287,000 after purchasing an additional 28,085 shares in the last quarter. Glassman Wealth Services increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 7.5% during the fourth quarter. Glassman Wealth Services now owns 161,653 shares of the company’s stock worth $8,104,000 after purchasing an additional 11,249 shares in the last quarter. Finally, Norden Group LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 33.9% during the fourth quarter. Norden Group LLC now owns 20,553 shares of the company’s stock worth $1,030,000 after purchasing an additional 5,202 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB stock opened at $50.66 on Monday. The firm has a 50-day simple moving average of $50.11 and a 200-day simple moving average of $50.50. 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 firm also recently disclosed a dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, March 3rd will be paid a dividend of $0.1317 per share. The ex-dividend date is Monday, March 3rd. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

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.