Grove Bank & Trust Grows Holdings in Vanguard Tax-Exempt Bond ETF $VTEB

Grove Bank & Trust boosted its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 284,776 shares of the company’s stock after acquiring an additional 10,220 shares during the period. Vanguard Tax-Exempt Bond ETF accounts for about 1.6% of Grove Bank & Trust’s investment portfolio, making the stock its 12th largest position. Grove Bank & Trust’s holdings in Vanguard Tax-Exempt Bond ETF were worth $14,321,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. JPL Wealth Management LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF in the third quarter worth approximately $25,000. Fairway Wealth LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at $28,000. Lowe Wealth Advisors LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at $29,000. United Financial Planning Group LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at $29,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth $37,000.

Vanguard Tax-Exempt Bond ETF Trading Down 0.9%

Shares of VTEB stock opened at $49.80 on Friday. The stock has a fifty day simple moving average of $50.61 and a two-hundred day simple moving average of $50.37. Vanguard Tax-Exempt Bond ETF has a 52-week low of $47.02 and a 52-week high of $51.18.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

About Vanguard Tax-Exempt Bond ETF

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.