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

Mercer Global Advisors Inc. ADV lifted its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 49.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,591,400 shares of the company’s stock after purchasing an additional 3,187,040 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for about 0.8% of Mercer Global Advisors Inc. ADV’s investment portfolio, making the stock its 24th biggest holding. Mercer Global Advisors Inc. ADV’s holdings in Vanguard Tax-Exempt Bond ETF were worth $480,241,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPL Wealth Management LLC bought a new stake in Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth about $25,000. Fairway Wealth LLC bought a new position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at about $28,000. Lowe Wealth Advisors LLC bought a new position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at about $29,000. United Financial Planning Group LLC bought a new position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at about $29,000. Finally, Sound Income Strategies LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1,500.0% during the 3rd quarter. Sound Income Strategies LLC now owns 832 shares of the company’s stock valued at $42,000 after acquiring an additional 780 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Up 0.0%

Shares of VTEB stock opened at $50.38 on Tuesday. The company has a 50 day moving average price of $50.64 and a 200-day moving average price of $50.34. Vanguard Tax-Exempt Bond ETF has a 52 week low of $47.02 and a 52 week high of $51.18.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently announced 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) annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, March 2nd.

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.