Financial Planning Navigators CORP Invests $4.27 Million in Vanguard Tax-Exempt Bond ETF $VTEB

Financial Planning Navigators CORP bought a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 84,934 shares of the company’s stock, valued at approximately $4,271,000. Vanguard Tax-Exempt Bond ETF accounts for 2.0% of Financial Planning Navigators CORP’s holdings, making the stock its 11th biggest position.

Several other hedge funds have also added to or reduced their stakes in the company. Crewe Advisors LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 33.4% in the 4th quarter. Crewe Advisors LLC now owns 5,711 shares of the company’s stock valued at $287,000 after purchasing an additional 1,431 shares during the period. SigFig Wealth Management LLC increased its position in Vanguard Tax-Exempt Bond ETF by 14.9% during the 4th quarter. SigFig Wealth Management LLC now owns 55,405 shares of the company’s stock worth $2,786,000 after buying an additional 7,176 shares during the period. Kendall Capital Management increased its position in Vanguard Tax-Exempt Bond ETF by 15.0% during the 4th quarter. Kendall Capital Management now owns 5,138 shares of the company’s stock worth $258,000 after buying an additional 671 shares during the period. First Pacific Financial lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 27.6% during the fourth quarter. First Pacific Financial now owns 27,877 shares of the company’s stock worth $1,402,000 after buying an additional 6,024 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 2.8% during the fourth quarter. Blue Trust Inc. now owns 28,061 shares of the company’s stock worth $1,411,000 after buying an additional 770 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of Vanguard Tax-Exempt Bond ETF stock opened at $50.00 on Friday. The firm has a 50-day moving average of $50.47 and a 200-day moving average of $50.38. Vanguard Tax-Exempt Bond ETF has a 52-week low of $47.02 and a 52-week high of $51.18.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.1487 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.6%. 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.