IFP Advisors Inc Increases Stock Holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

IFP Advisors Inc increased its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 2.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 96,183 shares of the company’s stock after purchasing an additional 2,522 shares during the period. IFP Advisors Inc’s holdings in Vanguard Tax-Exempt Bond ETF were worth $4,822,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of VTEB. Safe Harbor Fiduciary LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth $29,000. Advantage Trust Co purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at about $42,000. Cromwell Holdings LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at about $48,000. Peterson Wealth Services acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter worth about $80,000. Finally, New Republic Capital LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter worth about $83,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB stock opened at $50.36 on Tuesday. The stock’s 50-day moving average price is $50.08 and its 200 day moving average price is $50.50. 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 business also recently declared a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.1317 per share. The ex-dividend date was Monday, February 3rd. This is a boost 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.