Forvis Mazars Wealth Advisors LLC Reduces Stock Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Forvis Mazars Wealth Advisors LLC decreased its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 160,061 shares of the company’s stock after selling 15,803 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $8,024,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Lansing Street Advisors boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 12.6% in the fourth quarter. Lansing Street Advisors now owns 15,986 shares of the company’s stock worth $801,000 after buying an additional 1,787 shares during the last quarter. Lutz Financial Services LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 4.5% in the fourth quarter. Lutz Financial Services LLC now owns 1,400,550 shares of the company’s stock worth $70,210,000 after buying an additional 60,445 shares during the last quarter. Pinnacle Financial Partners Inc boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 3.1% in the fourth quarter. Pinnacle Financial Partners Inc now owns 564,824 shares of the company’s stock worth $28,760,000 after buying an additional 16,927 shares during the last quarter. Sigma Planning Corp boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 155.0% in the fourth quarter. Sigma Planning Corp now owns 16,121 shares of the company’s stock worth $808,000 after buying an additional 9,798 shares during the last quarter. Finally, Wealth Management Nebraska purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter worth approximately $366,000.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB opened at $50.36 on Friday. The company’s 50 day moving average is $50.08 and its 200 day moving average is $50.50. Vanguard Tax-Exempt Bond ETF has a 12-month low of $49.49 and a 12-month high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.