SageOak Financial LLC Takes $812,000 Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

SageOak Financial LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 16,191 shares of the company’s stock, valued at approximately $812,000. Vanguard Tax-Exempt Bond ETF makes up approximately 0.7% of SageOak Financial LLC’s portfolio, making the stock its 23rd largest holding.

Several other hedge funds also recently modified their holdings of VTEB. Raymond James Financial Inc. bought a new position in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at about $1,041,552,000. Brooklyn FI LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 6,485.4% in the 4th quarter. Brooklyn FI LLC now owns 16,565,228 shares of the company’s stock valued at $837,418,000 after acquiring an additional 16,313,682 shares in the last quarter. Life Planning Partners Inc lifted its stake in Vanguard Tax-Exempt Bond ETF by 3,575.6% in the 4th quarter. Life Planning Partners Inc now owns 1,387,949 shares of the company’s stock valued at $69,578,000 after purchasing an additional 1,350,188 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Vanguard Tax-Exempt Bond ETF by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,676,296 shares of the company’s stock valued at $1,638,063,000 after purchasing an additional 1,116,602 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Vanguard Tax-Exempt Bond ETF by 18.2% in the 3rd quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock valued at $269,411,000 after purchasing an additional 818,486 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Up 0.1 %

Shares of NYSEARCA:VTEB opened at $49.82 on Wednesday. Vanguard Tax-Exempt Bond ETF has a 52-week low of $49.49 and a 52-week high of $51.17. The company has a 50-day simple moving average of $50.09 and a 200 day simple moving average of $50.44.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were paid a $0.1317 dividend. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, March 3rd.

About Vanguard Tax-Exempt Bond ETF

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.