Vanguard Tax-Exempt Bond ETF $VTEB is Wedmont Private Capital’s 10th Largest Position

Wedmont Private Capital grew its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,322,300 shares of the company’s stock after acquiring an additional 118,277 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for approximately 2.3% of Wedmont Private Capital’s portfolio, making the stock its 10th largest holding. Wedmont Private Capital owned about 0.16% of Vanguard Tax-Exempt Bond ETF worth $66,842,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VTEB. Wellington Management Group LLP bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the third quarter valued at about $347,641,000. Betterment LLC increased its stake in Vanguard Tax-Exempt Bond ETF by 1,261.4% in the 3rd quarter. Betterment LLC now owns 6,573,354 shares of the company’s stock valued at $329,128,000 after buying an additional 6,090,513 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 87.6% during the 2nd quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock worth $363,056,000 after buying an additional 3,458,654 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 49.8% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 9,591,400 shares of the company’s stock worth $480,241,000 after buying an additional 3,187,040 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 30.6% in the 2nd quarter. Sei Investments Co. now owns 13,204,759 shares of the company’s stock worth $647,430,000 after buying an additional 3,094,388 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Down 0.9%

VTEB stock opened at $49.80 on Friday. The business has a 50 day moving average of $50.61 and a 200-day moving average of $50.37. Vanguard Tax-Exempt Bond ETF has a 12-month low of $47.02 and a 12-month high of $51.18.

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 given a dividend of $0.1487 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.6%. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14.

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.