Carter Financial Group INC. Acquires New Position in Vanguard Tax-Exempt Bond ETF $VTEB

Carter Financial Group INC. acquired a new stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the third quarter, HoldingsChannel.com reports. The fund acquired 20,081 shares of the company’s stock, valued at approximately $1,005,000.

A number of other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 39.8% in the second quarter. JPMorgan Chase & Co. now owns 108,048,493 shares of the company’s stock valued at $5,297,618,000 after purchasing an additional 30,774,028 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Vanguard Tax-Exempt Bond ETF by 1.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 35,166,659 shares of the company’s stock worth $1,724,221,000 after buying an additional 669,274 shares in the last quarter. Creative Planning boosted its stake in Vanguard Tax-Exempt Bond ETF by 2.7% during the second quarter. Creative Planning now owns 26,851,781 shares of the company’s stock worth $1,316,543,000 after buying an additional 702,763 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 6.4% during the third quarter. Wealthfront Advisers LLC now owns 22,264,110 shares of the company’s stock worth $1,114,764,000 after buying an additional 1,347,394 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Vanguard Tax-Exempt Bond ETF by 1.8% in the 3rd quarter. Raymond James Financial Inc. now owns 22,217,280 shares of the company’s stock valued at $1,112,419,000 after buying an additional 386,204 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Up 0.3%

Shares of VTEB opened at $50.36 on Friday. Vanguard Tax-Exempt Bond ETF has a 52-week low of $47.02 and a 52-week high of $51.18. The stock has a fifty day simple moving average of $50.64 and a two-hundred day simple moving average of $50.32.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a $0.1487 dividend. This is an increase 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%. The ex-dividend date of this dividend was Monday, March 2nd.

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.