Florida Trust Wealth Management Co Increases Position in Vanguard Tax-Exempt Bond ETF $VTEB

Florida Trust Wealth Management Co grew its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 61.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 193,827 shares of the company’s stock after purchasing an additional 73,512 shares during the quarter. Florida Trust Wealth Management Co’s holdings in Vanguard Tax-Exempt Bond ETF were worth $9,748,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of VTEB. Eclectic Associates Inc. ADV boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 89.5% in the 3rd quarter. Eclectic Associates Inc. ADV now owns 50,860 shares of the company’s stock valued at $2,547,000 after buying an additional 24,014 shares in the last quarter. Allen Capital Group LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 178.5% during the 3rd quarter. Allen Capital Group LLC now owns 25,362 shares of the company’s stock worth $1,270,000 after acquiring an additional 16,255 shares in the last quarter. First Citizens Bank & Trust Co. raised its stake in Vanguard Tax-Exempt Bond ETF by 1,681.1% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 594,111 shares of the company’s stock worth $29,747,000 after acquiring an additional 560,755 shares in the last quarter. New York Life Investment Management LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 15.1% in the third quarter. New York Life Investment Management LLC now owns 856,096 shares of the company’s stock valued at $42,865,000 after acquiring an additional 112,023 shares during the last quarter. Finally, Compound Planning Inc. lifted its position in Vanguard Tax-Exempt Bond ETF by 16.2% in the third quarter. Compound Planning Inc. now owns 333,192 shares of the company’s stock valued at $16,683,000 after acquiring an additional 46,505 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA VTEB opened at $50.00 on Friday. The company has a fifty day moving average of $50.46 and a two-hundred day moving average of $50.38. Vanguard Tax-Exempt Bond ETF has a 1 year low of $47.02 and a 1 year high of $51.18.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.