Mercer Global Advisors Inc. ADV Buys 3,187,040 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Mercer Global Advisors Inc. ADV increased its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 49.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,591,400 shares of the company’s stock after buying an additional 3,187,040 shares during the period. Vanguard Tax-Exempt Bond ETF accounts for about 0.8% of Mercer Global Advisors Inc. ADV’s holdings, making the stock its 24th largest holding. Mercer Global Advisors Inc. ADV owned 1.20% of Vanguard Tax-Exempt Bond ETF worth $480,241,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 39.8% during the second quarter. JPMorgan Chase & Co. now owns 108,048,493 shares of the company’s stock valued at $5,297,618,000 after acquiring an additional 30,774,028 shares in the last quarter. Wellington Management Group LLP bought a new position in Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth about $347,641,000. Betterment LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 1,261.4% in the 3rd quarter. Betterment LLC now owns 6,573,354 shares of the company’s stock worth $329,128,000 after purchasing an additional 6,090,513 shares in the last quarter. Corient Private Wealth LLC grew its position in Vanguard Tax-Exempt Bond ETF by 87.6% during the 2nd quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock valued at $363,056,000 after purchasing an additional 3,458,654 shares during the last quarter. Finally, Sei Investments Co. grew its position in Vanguard Tax-Exempt Bond ETF by 30.6% during the 2nd quarter. Sei Investments Co. now owns 13,204,759 shares of the company’s stock valued at $647,430,000 after purchasing an additional 3,094,388 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA:VTEB opened at $50.38 on Tuesday. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $47.02 and a fifty-two week high of $51.18. The firm has a 50-day simple moving average of $50.64 and a two-hundred day simple moving average of $50.34.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.