Savvy Advisors Inc. Has $3.40 Million Holdings in Vanguard Tax-Exempt Bond ETF $VTEB

Savvy Advisors Inc. increased its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 21.9% during the third quarter, Holdings Channel reports. The fund 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 reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new position in Vanguard Tax-Exempt Bond ETF in the third quarter worth $28,000. Lowe Wealth Advisors LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF in the third quarter valued at about $29,000. Sound Income Strategies LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1,500.0% in the third quarter. Sound Income Strategies LLC now owns 832 shares of the company’s stock valued at $42,000 after buying an additional 780 shares during the last quarter. Bogart Wealth LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 41.9% during the 3rd quarter. Bogart Wealth LLC now owns 945 shares of the company’s stock worth $47,000 after buying an additional 279 shares in the last quarter. Finally, Avalon Trust Co bought a new stake in Vanguard Tax-Exempt Bond ETF during the 2nd quarter worth about $49,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB opened at $50.65 on Thursday. Vanguard Tax-Exempt Bond ETF has a 1-year low of $47.02 and a 1-year high of $50.82. The firm has a 50-day moving average price of $50.42 and a two-hundred day moving average price of $50.03.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

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

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.