DecisionMap Wealth Management LLC Purchases New Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

DecisionMap Wealth Management LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 5,176 shares of the company’s stock, valued at approximately $259,000.

A number of other hedge funds have also modified their holdings of VTEB. Raymond James Financial Inc. acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at approximately $1,041,552,000. Life Planning Partners Inc raised its position in shares of Vanguard Tax-Exempt Bond ETF by 3,575.6% in the 4th 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 during the period. Charles Schwab Investment Management Inc. raised its position in shares of Vanguard Tax-Exempt Bond ETF by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,676,296 shares of the company’s stock valued at $1,638,063,000 after acquiring an additional 1,116,602 shares during the period. Franklin Resources Inc. increased its stake in 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 worth $269,411,000 after purchasing an additional 818,486 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in Vanguard Tax-Exempt Bond ETF by 41.7% during the 4th quarter. HighTower Advisors LLC now owns 2,777,472 shares of the company’s stock worth $139,235,000 after purchasing an additional 817,486 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA VTEB opened at $49.77 on Thursday. The business has a 50 day simple moving average of $50.12 and a 200 day simple moving average of $50.46. 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 announced a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were paid a dividend of $0.1317 per share. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date of this dividend 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.