Wealthfront Advisers LLC Purchases 1,347,394 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Wealthfront Advisers LLC lifted its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 6.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,264,110 shares of the company’s stock after buying an additional 1,347,394 shares during the period. Vanguard Tax-Exempt Bond ETF comprises approximately 2.6% of Wealthfront Advisers LLC’s portfolio, making the stock its 10th biggest position. Wealthfront Advisers LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,114,764,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of VTEB. Prospera Financial Services Inc lifted its stake in Vanguard Tax-Exempt Bond ETF by 16.5% in the 3rd quarter. Prospera Financial Services Inc now owns 21,756 shares of the company’s stock worth $1,089,000 after acquiring an additional 3,078 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 9.8% in the third quarter. Oppenheimer & Co. Inc. now owns 9,143 shares of the company’s stock worth $458,000 after purchasing an additional 813 shares in the last quarter. MB Generational Wealth LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the third quarter worth approximately $302,000. New York Life Investment Management LLC grew its position in Vanguard Tax-Exempt Bond ETF by 15.1% during the third quarter. New York Life Investment Management LLC now owns 856,096 shares of the company’s stock valued at $42,865,000 after purchasing an additional 112,023 shares in the last quarter. Finally, Sunesis Advisors LLC acquired a new position in Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at approximately $2,572,000.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA:VTEB opened at $50.67 on Tuesday. The firm has a fifty day moving average of $50.40 and a two-hundred day moving average of $50.01. Vanguard Tax-Exempt Bond ETF has a 12-month low of $47.02 and a 12-month high of $50.70.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a dividend of $0.1398 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.3%.

About Vanguard Tax-Exempt Bond ETF

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.