Savvy Advisors Inc. Acquires 12,201 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Savvy Advisors Inc. increased its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 21.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,875 shares of the company’s stock after purchasing an additional 12,201 shares during the period. Savvy Advisors Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,399,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 39.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 108,048,493 shares of the company’s stock worth $5,297,618,000 after buying an additional 30,774,028 shares in the last quarter. Corient Private Wealth LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 87.6% in the 2nd quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock valued at $363,056,000 after buying an additional 3,458,654 shares in the last quarter. Sei Investments Co. boosted its stake in Vanguard Tax-Exempt Bond ETF by 30.6% in the 2nd quarter. Sei Investments Co. now owns 13,204,759 shares of the company’s stock valued at $647,430,000 after buying an additional 3,094,388 shares in the last quarter. Laurel Wealth Advisors LLC grew its position in Vanguard Tax-Exempt Bond ETF by 4,903.1% in the second quarter. Laurel Wealth Advisors LLC now owns 1,984,861 shares of the company’s stock valued at $97,318,000 after acquiring an additional 1,945,188 shares during the period. Finally, Wealthfront Advisers LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 6.4% during the third quarter. Wealthfront Advisers LLC now owns 22,264,110 shares of the company’s stock worth $1,114,764,000 after acquiring an additional 1,347,394 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA VTEB opened at $50.65 on Thursday. The business has a fifty day moving average of $50.42 and a two-hundred day moving average of $50.03. Vanguard Tax-Exempt Bond ETF has a 52-week low of $47.02 and a 52-week high of $50.82.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

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

Vanguard Tax-Exempt Bond ETF 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.