Avidian Wealth Enterprises LLC Has $52.98 Million Stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Avidian Wealth Enterprises LLC increased its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 0.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,056,831 shares of the company’s stock after purchasing an additional 4,131 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for about 2.4% of Avidian Wealth Enterprises LLC’s holdings, making the stock its 9th biggest position. Avidian Wealth Enterprises LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $52,979,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Safe Harbor Fiduciary LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the third quarter worth approximately $29,000. Bogart Wealth LLC increased its stake in Vanguard Tax-Exempt Bond ETF by 2,942.1% during the 3rd quarter. Bogart Wealth LLC now owns 578 shares of the company’s stock worth $30,000 after acquiring an additional 559 shares during the period. Peterson Wealth Services bought a new position in Vanguard Tax-Exempt Bond ETF during the 4th quarter worth $80,000. New Republic Capital LLC acquired a new position in Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at $83,000. Finally, Eastern Bank bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at $86,000.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB opened at $50.16 on Wednesday. The business’s fifty day moving average is $50.21 and its 200-day moving average is $50.53. Vanguard Tax-Exempt Bond ETF has a 52-week low of $49.49 and a 52-week high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.1317 per share. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, February 3rd.

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.