BIP Wealth LLC Boosts Position in Vanguard Tax-Exempt Bond ETF $VTEB

BIP Wealth LLC boosted its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 636,346 shares of the company’s stock after acquiring an additional 69,800 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for 1.1% of BIP Wealth LLC’s portfolio, making the stock its 13th biggest holding. BIP Wealth LLC owned 0.08% of Vanguard Tax-Exempt Bond ETF worth $32,002,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VTEB. Wellington Management Group LLP purchased a new stake in Vanguard Tax-Exempt Bond ETF during the third quarter valued at $347,641,000. Betterment LLC increased its position in Vanguard Tax-Exempt Bond ETF by 1,261.4% during the third quarter. Betterment LLC now owns 6,573,354 shares of the company’s stock valued at $329,128,000 after acquiring an additional 6,090,513 shares during the last quarter. Corient Private Wealth LLC increased its position in Vanguard Tax-Exempt Bond ETF by 87.6% during the second quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock valued at $363,056,000 after acquiring an additional 3,458,654 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Vanguard Tax-Exempt Bond ETF by 49.8% during the third quarter. Mercer Global Advisors Inc. ADV now owns 9,591,400 shares of the company’s stock valued at $480,241,000 after acquiring an additional 3,187,040 shares during the last quarter. Finally, Sei Investments Co. increased its position in Vanguard Tax-Exempt Bond ETF by 30.6% during the second quarter. Sei Investments Co. now owns 13,204,759 shares of the company’s stock valued at $647,430,000 after acquiring an additional 3,094,388 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Up 0.1%

Vanguard Tax-Exempt Bond ETF stock opened at $50.01 on Wednesday. Vanguard Tax-Exempt Bond ETF has a one year low of $47.02 and a one year high of $51.18. The stock has a fifty day moving average of $50.44 and a 200 day moving average of $50.37.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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