Vanguard Tax-Exempt Bond ETF $VTEB Shares Bought by SageView Advisory Group LLC

SageView Advisory Group LLC lifted its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 449.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 279,584 shares of the company’s stock after acquiring an additional 228,725 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises about 0.5% of SageView Advisory Group LLC’s investment portfolio, making the stock its 25th biggest holding. SageView Advisory Group LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $13,999,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Eclectic Associates Inc. ADV boosted its stake in Vanguard Tax-Exempt Bond ETF by 89.5% in the 3rd quarter. Eclectic Associates Inc. ADV now owns 50,860 shares of the company’s stock worth $2,547,000 after purchasing an additional 24,014 shares during the period. Allen Capital Group LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 178.5% during the 3rd quarter. Allen Capital Group LLC now owns 25,362 shares of the company’s stock valued at $1,270,000 after purchasing an additional 16,255 shares during the period. First Citizens Bank & Trust Co. lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1,681.1% in the third quarter. First Citizens Bank & Trust Co. now owns 594,111 shares of the company’s stock valued at $29,747,000 after purchasing an additional 560,755 shares in the last quarter. New York Life Investment Management LLC boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 15.1% in the third quarter. New York Life Investment Management LLC now owns 856,096 shares of the company’s stock worth $42,865,000 after buying an additional 112,023 shares during the period. Finally, Compound Planning Inc. grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 16.2% during the third quarter. Compound Planning Inc. now owns 333,192 shares of the company’s stock valued at $16,683,000 after buying an additional 46,505 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA:VTEB opened at $50.42 on Wednesday. Vanguard Tax-Exempt Bond ETF has a 1-year low of $47.02 and a 1-year high of $51.18. The business’s fifty day moving average price is $50.64 and its 200 day moving average price is $50.30.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a $0.1487 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. 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.