Wedmont Private Capital Increases Stock Position in Vanguard Tax-Exempt Bond ETF $VTEB

Wedmont Private Capital raised its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 9.8% during the fourth quarter, Holdings Channel reports. The fund owned 1,322,300 shares of the company’s stock after buying an additional 118,277 shares during the period. Vanguard Tax-Exempt Bond ETF makes up approximately 2.3% of Wedmont Private Capital’s portfolio, making the stock its 10th largest position. Wedmont Private Capital’s holdings in Vanguard Tax-Exempt Bond ETF were worth $66,842,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of VTEB. Eclectic Associates Inc. ADV lifted its holdings in Vanguard Tax-Exempt Bond ETF by 89.5% during the third quarter. Eclectic Associates Inc. ADV now owns 50,860 shares of the company’s stock valued at $2,547,000 after purchasing an additional 24,014 shares during the last quarter. Allen Capital Group LLC raised its position in shares of Vanguard Tax-Exempt Bond ETF by 178.5% in the third quarter. Allen Capital Group LLC now owns 25,362 shares of the company’s stock valued at $1,270,000 after purchasing an additional 16,255 shares during the period. First Citizens Bank & Trust Co. lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 1,681.1% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 594,111 shares of the company’s stock valued at $29,747,000 after buying an additional 560,755 shares in the last quarter. New York Life Investment Management LLC boosted its holdings in Vanguard Tax-Exempt Bond ETF by 15.1% in the 3rd quarter. New York Life Investment Management LLC now owns 856,096 shares of the company’s stock worth $42,865,000 after buying an additional 112,023 shares during the period. Finally, Compound Planning Inc. boosted its holdings in Vanguard Tax-Exempt Bond ETF by 16.2% in the 3rd quarter. Compound Planning Inc. now owns 333,192 shares of the company’s stock worth $16,683,000 after buying an additional 46,505 shares during the period.

Vanguard Tax-Exempt Bond ETF Trading Down 0.9%

Vanguard Tax-Exempt Bond ETF stock opened at $49.80 on Friday. The firm has a 50 day simple moving average of $50.61 and a 200 day simple moving average of $50.37. Vanguard Tax-Exempt Bond ETF has a 1-year low of $47.02 and a 1-year high of $51.18.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a dividend of $0.1487 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. 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.

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.