Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Stake Boosted by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC raised its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 19.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 16,216 shares of the company’s stock after buying an additional 2,607 shares during the period. Sage Mountain Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $813,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in VTEB. Charles Schwab Investment Management Inc. grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,676,296 shares of the company’s stock valued at $1,638,063,000 after buying an additional 1,116,602 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Vanguard Tax-Exempt Bond ETF in the 4th quarter worth approximately $1,041,552,000. Franklin Resources Inc. grew its holdings in shares of 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 valued at $269,411,000 after acquiring an additional 818,486 shares in the last quarter. LPL Financial LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 9.5% in the third quarter. LPL Financial LLC now owns 4,990,070 shares of the company’s stock worth $255,092,000 after acquiring an additional 433,676 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC boosted its position in Vanguard Tax-Exempt Bond ETF by 6.1% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,837,927 shares of the company’s stock valued at $192,395,000 after purchasing an additional 219,309 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA VTEB opened at $49.95 on Wednesday. Vanguard Tax-Exempt Bond ETF has a 52 week low of $49.49 and a 52 week high of $51.17. The business has a 50 day simple moving average of $50.13 and a 200 day simple moving average of $50.47.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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