PFG Private Wealth Management LLC Invests $1.81 Million in Vanguard Tax-Exempt Bond ETF $VTEB

PFG Private Wealth Management LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 36,059 shares of the company’s stock, valued at approximately $1,805,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VTEB. Fairway Wealth LLC acquired a new position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at about $28,000. Lowe Wealth Advisors LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the third quarter worth approximately $29,000. Sound Income Strategies LLC lifted its holdings in Vanguard Tax-Exempt Bond ETF by 1,500.0% in the third quarter. Sound Income Strategies LLC now owns 832 shares of the company’s stock valued at $42,000 after buying an additional 780 shares during the period. Bogart Wealth LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 41.9% in the third quarter. Bogart Wealth LLC now owns 945 shares of the company’s stock valued at $47,000 after acquiring an additional 279 shares during the last quarter. Finally, Avalon Trust Co acquired a new stake in Vanguard Tax-Exempt Bond ETF during the 2nd quarter worth $49,000.

Vanguard Tax-Exempt Bond ETF Trading Down 0.2%

Shares of Vanguard Tax-Exempt Bond ETF stock opened at $50.65 on Thursday. The firm has a fifty day moving average of $50.42 and a two-hundred day moving average of $50.03. Vanguard Tax-Exempt Bond ETF has a 52 week low of $47.02 and a 52 week high of $50.82.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

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

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.