Dravo Bay LLC Increases Stock Position in Vanguard Tax-Exempt Bond ETF $VTEB

Dravo Bay LLC boosted its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 7.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 143,207 shares of the company’s stock after buying an additional 10,425 shares during the period. Vanguard Tax-Exempt Bond ETF makes up 3.2% of Dravo Bay LLC’s investment portfolio, making the stock its 11th largest position. Dravo Bay LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $7,170,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 39.8% during the second quarter. JPMorgan Chase & Co. now owns 108,048,493 shares of the company’s stock valued at $5,297,618,000 after buying an additional 30,774,028 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Vanguard Tax-Exempt Bond ETF by 1.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,166,659 shares of the company’s stock valued at $1,724,221,000 after acquiring an additional 669,274 shares during the period. Creative Planning lifted its stake in Vanguard Tax-Exempt Bond ETF by 2.7% during the 2nd quarter. Creative Planning now owns 26,851,781 shares of the company’s stock valued at $1,316,543,000 after acquiring an additional 702,763 shares during the period. Wealthfront Advisers LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 6.4% during the 3rd quarter. Wealthfront Advisers LLC now owns 22,264,110 shares of the company’s stock valued at $1,114,764,000 after acquiring an additional 1,347,394 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 0.7% in the second quarter. Raymond James Financial Inc. now owns 21,831,076 shares of the company’s stock worth $1,070,378,000 after acquiring an additional 141,078 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB opened at $50.84 on Friday. The firm has a 50 day moving average price of $50.44 and a 200-day moving average price of $50.05. Vanguard Tax-Exempt Bond ETF has a twelve month low of $47.02 and a twelve month high of $50.92.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.1398 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.3%.

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.