Betterment LLC Raises Stock Holdings in Vanguard Tax-Exempt Bond ETF $VTEB

Betterment LLC boosted its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 1,261.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,573,354 shares of the company’s stock after buying an additional 6,090,513 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up about 0.7% of Betterment LLC’s holdings, making the stock its 27th biggest holding. Betterment LLC owned about 0.82% of Vanguard Tax-Exempt Bond ETF worth $329,128,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the third quarter valued at about $28,000. Lowe Wealth Advisors LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the third quarter valued at about $29,000. Sound Income Strategies LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1,500.0% during the third quarter. Sound Income Strategies LLC now owns 832 shares of the company’s stock worth $42,000 after purchasing an additional 780 shares during the period. Bogart Wealth LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 41.9% during the third quarter. Bogart Wealth LLC now owns 945 shares of the company’s stock worth $47,000 after purchasing an additional 279 shares during the period. Finally, Avalon Trust Co bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the second quarter worth about $49,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA:VTEB opened at $50.20 on Friday. Vanguard Tax-Exempt Bond ETF has a 1 year low of $47.02 and a 1 year high of $51.18. The stock’s 50-day moving average is $50.64 and its 200 day moving average is $50.30.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.