Private Advisor Group LLC Has $9.74 Million Stake in Vanguard Tax-Exempt Bond ETF $VTEB

Private Advisor Group LLC lowered its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 8.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 194,446 shares of the company’s stock after selling 17,825 shares during the period. Private Advisor Group LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $9,736,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. PFG Advisors bought a new position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth approximately $9,995,000. Diversify Advisory Services LLC increased its stake in Vanguard Tax-Exempt Bond ETF by 13.4% in the third quarter. Diversify Advisory Services LLC now owns 24,028 shares of the company’s stock valued at $1,209,000 after purchasing an additional 2,837 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in Vanguard Tax-Exempt Bond ETF by 2.1% in the third quarter. Pinnacle Associates Ltd. now owns 109,283 shares of the company’s stock worth $5,472,000 after purchasing an additional 2,285 shares during the period. Goodman Advisory Group LLC raised its holdings in Vanguard Tax-Exempt Bond ETF by 7.1% in the third quarter. Goodman Advisory Group LLC now owns 135,131 shares of the company’s stock worth $6,766,000 after purchasing an additional 8,912 shares during the period. Finally, Heritage Wealth Advisors bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the third quarter worth $67,000.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of VTEB stock opened at $50.33 on Thursday. Vanguard Tax-Exempt Bond ETF has a 12-month low of $47.02 and a 12-month high of $51.18. The firm has a fifty day moving average of $50.64 and a 200-day moving average of $50.30.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.1487 per share. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, March 2nd.

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.