Verus Wealth Management LLC Acquires 13,395 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Verus Wealth Management LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 14.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 106,720 shares of the company’s stock after purchasing an additional 13,395 shares during the period. Vanguard Tax-Exempt Bond ETF comprises 5.0% of Verus Wealth Management LLC’s investment portfolio, making the stock its 5th largest holding. Verus Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $5,367,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Vannoy Advisory Group Inc. raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 8.0% in the 4th quarter. Vannoy Advisory Group Inc. now owns 104,129 shares of the company’s stock valued at $5,237,000 after acquiring an additional 7,731 shares during the period. Victory Financial Group LLC boosted its position in Vanguard Tax-Exempt Bond ETF by 52.6% during the 4th quarter. Victory Financial Group LLC now owns 11,441 shares of the company’s stock worth $575,000 after purchasing an additional 3,942 shares during the period. RCS Financial Planning LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 1.3% in the 4th quarter. RCS Financial Planning LLC now owns 98,298 shares of the company’s stock valued at $4,943,000 after purchasing an additional 1,247 shares in the last quarter. Elser Financial Planning Inc increased its holdings in Vanguard Tax-Exempt Bond ETF by 7.7% in the 4th quarter. Elser Financial Planning Inc now owns 70,909 shares of the company’s stock valued at $3,566,000 after purchasing an additional 5,063 shares in the last quarter. Finally, Members Trust Co raised its position in Vanguard Tax-Exempt Bond ETF by 0.6% in the fourth quarter. Members Trust Co now owns 2,363,691 shares of the company’s stock valued at $118,870,000 after purchasing an additional 15,082 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB opened at $49.91 on Thursday. The stock’s 50-day moving average is $50.48 and its two-hundred day moving average is $50.38. Vanguard Tax-Exempt Bond ETF has a 12 month low of $47.02 and a 12 month high of $51.18.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a dividend of $0.1487 per share. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, March 2nd. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14.

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.