Dakota Wealth Management Purchases 60,248 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Dakota Wealth Management grew its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 686.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,029 shares of the company’s stock after buying an additional 60,248 shares during the quarter. Dakota Wealth Management’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,471,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in Vanguard Tax-Exempt Bond ETF by 1.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 35,747,656 shares of the company’s stock worth $1,789,885,000 after acquiring an additional 580,997 shares during the period. Wealthfront Advisers LLC grew its holdings in Vanguard Tax-Exempt Bond ETF by 6.4% during the 3rd quarter. Wealthfront Advisers LLC now owns 22,264,110 shares of the company’s stock worth $1,114,764,000 after acquiring an additional 1,347,394 shares in the last quarter. Raymond James Financial Inc. increased its position in Vanguard Tax-Exempt Bond ETF by 1.8% during the 3rd quarter. Raymond James Financial Inc. now owns 22,217,280 shares of the company’s stock valued at $1,112,419,000 after purchasing an additional 386,204 shares during the period. TIAA Trust National Association raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 14.4% in the 3rd quarter. TIAA Trust National Association now owns 14,255,500 shares of the company’s stock valued at $713,772,000 after purchasing an additional 1,799,750 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 5.0% in the 3rd quarter. Sei Investments Co. now owns 13,859,052 shares of the company’s stock valued at $693,922,000 after purchasing an additional 654,293 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Up 0.0%

Shares of VTEB opened at $49.64 on Friday. The company has a 50 day moving average price of $50.52 and a 200-day moving average price of $50.37. 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 firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a $0.1487 dividend. This represents a c) dividend on an annualized basis and a yield of 3.6%. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Monday, March 2nd.

Vanguard Tax-Exempt Bond ETF Company 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.