Master S Wealth Management Inc. Buys Shares of 81,608 Vanguard Tax-Exempt Bond ETF $VTEB

Master S Wealth Management Inc. bought a new stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 81,608 shares of the company’s stock, valued at approximately $4,104,000. Vanguard Tax-Exempt Bond ETF makes up 1.5% of Master S Wealth Management Inc.’s holdings, making the stock its 9th biggest position.

Several other large investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth $347,641,000. Betterment LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1,261.4% during 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 during the period. Corient Private Wealth LLC lifted its stake 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 worth $363,056,000 after acquiring an additional 3,458,654 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Vanguard Tax-Exempt Bond ETF by 49.8% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 9,591,400 shares of the company’s stock worth $480,241,000 after acquiring an additional 3,187,040 shares in the last quarter. Finally, Sei Investments Co. lifted its stake 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 worth $647,430,000 after acquiring an additional 3,094,388 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB opened at $50.01 on Wednesday. The stock’s 50-day moving average price is $50.44 and its 200 day moving average price is $50.37. Vanguard Tax-Exempt Bond ETF has a 12-month low of $47.02 and a 12-month high of $51.18.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently announced 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) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14.

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.