West Financial Advisors LLC Has $54.01 Million Stock Holdings in Vanguard Tax-Exempt Bond ETF $VTEB

West Financial Advisors LLC cut its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,074,039 shares of the company’s stock after selling 61,706 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises about 9.1% of West Financial Advisors LLC’s holdings, making the stock its 4th largest position. West Financial Advisors LLC owned 0.13% of Vanguard Tax-Exempt Bond ETF worth $54,013,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP bought a new position in Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth about $347,641,000. Betterment LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 1,261.4% during the third quarter. Betterment LLC now owns 6,573,354 shares of the company’s stock valued at $329,128,000 after buying an additional 6,090,513 shares during the period. Corient Private Wealth LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 87.6% during the second quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock valued at $363,056,000 after buying an additional 3,458,654 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 49.8% in the third quarter. Mercer Global Advisors Inc. ADV now owns 9,591,400 shares of the company’s stock worth $480,241,000 after buying an additional 3,187,040 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 30.6% in the second quarter. Sei Investments Co. now owns 13,204,759 shares of the company’s stock worth $647,430,000 after buying an additional 3,094,388 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB stock opened at $49.63 on Friday. The firm has a 50 day moving average of $50.54 and a 200-day moving average of $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 declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.1487 dividend. 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.