Modera Wealth Management LLC Boosts Holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Modera Wealth Management LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 677,339 shares of the company’s stock after buying an additional 22,564 shares during the quarter. Modera Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $33,955,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its holdings in Vanguard Tax-Exempt Bond ETF by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock worth $1,613,332,000 after buying an additional 1,003,475 shares during the last quarter. Franklin Resources Inc. increased its holdings in Vanguard Tax-Exempt Bond ETF by 18.2% during the third quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock worth $269,411,000 after buying an additional 818,486 shares during the last quarter. LPL Financial LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 9.5% during the third quarter. LPL Financial LLC now owns 4,990,070 shares of the company’s stock worth $255,092,000 after buying an additional 433,676 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 6.1% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,837,927 shares of the company’s stock worth $192,395,000 after buying an additional 219,309 shares during the last quarter. Finally, US Bancorp DE increased its holdings in Vanguard Tax-Exempt Bond ETF by 4.9% during the fourth quarter. US Bancorp DE now owns 3,583,701 shares of the company’s stock worth $179,651,000 after buying an additional 167,474 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA VTEB opened at $50.66 on Friday. Vanguard Tax-Exempt Bond ETF has a 52-week low of $49.49 and a 52-week high of $51.17. The company has a 50-day simple moving average of $50.11 and a 200 day simple moving average of $50.50.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd will be paid a $0.1317 dividend. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date of this dividend is Monday, March 3rd.

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.