NewEdge Wealth LLC Purchases 13,174 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

NewEdge Wealth LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 75.6% in the 3rd quarter, Holdings Channel reports. The firm owned 30,611 shares of the company’s stock after buying an additional 13,174 shares during the period. NewEdge Wealth LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,540,000 at the end of the most recent reporting period.

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

Vanguard Tax-Exempt Bond ETF Trading Up 0.1%

VTEB stock opened at $50.93 on Friday. The company has a 50 day simple moving average of $50.51 and a 200 day simple moving average of $50.14. Vanguard Tax-Exempt Bond ETF has a 1 year low of $47.02 and a 1 year high of $50.94.

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. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, February 2nd.

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.