Vanguard Tax-Exempt Bond ETF $VTEB Shares Purchased by Cahaba Wealth Management Inc.

Cahaba Wealth Management Inc. boosted its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 17.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 423,437 shares of the company’s stock after acquiring an additional 61,995 shares during the period. Vanguard Tax-Exempt Bond ETF comprises about 1.5% of Cahaba Wealth Management Inc.’s investment portfolio, making the stock its 14th biggest holding. Cahaba Wealth Management Inc. owned about 0.05% of Vanguard Tax-Exempt Bond ETF worth $21,295,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. JPL Wealth Management LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth approximately $25,000. Fairway Wealth LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth approximately $28,000. Lowe Wealth Advisors LLC acquired a new position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at approximately $29,000. United Financial Planning Group LLC acquired a new position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at approximately $29,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth $37,000.

Vanguard Tax-Exempt Bond ETF Stock Down 0.9%

Shares of NYSEARCA VTEB opened at $49.80 on Friday. Vanguard Tax-Exempt Bond ETF has a 1-year low of $47.02 and a 1-year high of $51.18. The business’s fifty day moving average price is $50.61 and its two-hundred day moving average price is $50.37.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently declared 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. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, March 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.