Vanguard Tax-Exempt Bond ETF $VTEB is Verus Wealth Management LLC’s 5th Largest Position

Verus Wealth Management LLC boosted its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 14.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,720 shares of the company’s stock after purchasing an additional 13,395 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up 5.0% of Verus Wealth Management LLC’s portfolio, making the stock its 5th biggest holding. Verus Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $5,367,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1,498.4% during the 1st quarter. Jane Street Group LLC now owns 187,400 shares of the company’s stock worth $9,299,000 after acquiring an additional 175,676 shares during the period. Russell Investments Group Ltd. grew its holdings in Vanguard Tax-Exempt Bond ETF by 510.2% in the second quarter. Russell Investments Group Ltd. now owns 3,576 shares of the company’s stock valued at $175,000 after purchasing an additional 2,990 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Vanguard Tax-Exempt Bond ETF by 80.1% in the second quarter. EverSource Wealth Advisors LLC now owns 84,373 shares of the company’s stock valued at $4,137,000 after purchasing an additional 37,522 shares during the period. First Trust Advisors LP increased its position in Vanguard Tax-Exempt Bond ETF by 79.0% during the second quarter. First Trust Advisors LP now owns 11,052 shares of the company’s stock worth $542,000 after purchasing an additional 4,878 shares during the last quarter. Finally, Capital Advisors Wealth Management LLC increased its position in Vanguard Tax-Exempt Bond ETF by 42.9% during the second quarter. Capital Advisors Wealth Management LLC now owns 121,438 shares of the company’s stock worth $5,954,000 after purchasing an additional 36,437 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Up 0.0%

Shares of VTEB opened at $49.91 on Thursday. The company’s fifty day moving average is $50.48 and its two-hundred day moving average is $50.38. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $47.02 and a fifty-two week high of $51.18.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a $0.1487 dividend. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.6%.

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.