Wealthfront Advisers LLC Purchases 1,347,394 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Wealthfront Advisers LLC increased its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 6.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,264,110 shares of the company’s stock after buying an additional 1,347,394 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises approximately 2.6% of Wealthfront Advisers LLC’s holdings, making the stock its 10th largest position. Wealthfront Advisers LLC owned approximately 2.79% of Vanguard Tax-Exempt Bond ETF worth $1,114,764,000 at the end of the most recent quarter.

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

Vanguard Tax-Exempt Bond ETF Stock Up 0.0%

Shares of Vanguard Tax-Exempt Bond ETF stock opened at $50.67 on Tuesday. Vanguard Tax-Exempt Bond ETF has a 12-month low of $47.02 and a 12-month high of $50.70. The stock’s fifty day moving average is $50.40 and its 200-day moving average is $50.01.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The company also recently disclosed 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 of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.3%.

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.