Red Tortoise LLC Grows Holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Red Tortoise LLC lifted its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 25.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,110 shares of the company’s stock after acquiring an additional 3,052 shares during the quarter. Red Tortoise LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $757,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in VTEB. Charles Schwab Investment Management Inc. lifted its stake in Vanguard Tax-Exempt Bond ETF by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock worth $1,613,332,000 after purchasing an additional 1,003,475 shares in the last quarter. Franklin Resources Inc. lifted 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 acquiring an additional 818,486 shares in the last quarter. Astoria Strategic Wealth Inc. purchased a new position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at about $33,647,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Vanguard Tax-Exempt Bond ETF by 35.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,041,612 shares of the company’s stock valued at $104,367,000 after acquiring an additional 535,526 shares during the period. Finally, One Wealth Advisors LLC acquired a new position in Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at about $23,802,000.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of VTEB opened at $50.13 on Monday. The company’s 50-day simple moving average is $50.30 and its 200-day simple moving average is $50.54. 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 firm also recently announced a dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.1317 per share. The ex-dividend date is Monday, February 3rd. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

Vanguard Tax-Exempt Bond ETF Company 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.