Sterling Financial Planning Inc. Buys 11,509 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Sterling Financial Planning Inc. raised its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 22.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 62,472 shares of the company’s stock after acquiring an additional 11,509 shares during the period. Vanguard Tax-Exempt Bond ETF makes up approximately 1.2% of Sterling Financial Planning Inc.’s holdings, making the stock its 29th largest holding. Sterling Financial Planning Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,132,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of VTEB. Charles Schwab Investment Management Inc. lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock valued at $1,613,332,000 after buying an additional 1,003,475 shares during the period. Franklin Resources Inc. grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 18.2% during the 3rd quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock worth $269,411,000 after purchasing an additional 818,486 shares in the last quarter. LPL Financial LLC increased its position in shares of 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 valued at $255,092,000 after purchasing an additional 433,676 shares during the period. Cliftonlarsonallen Wealth Advisors LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 6.1% in the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,837,927 shares of the company’s stock valued at $192,395,000 after purchasing an additional 219,309 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 1.2% in the third quarter. US Bancorp DE now owns 3,416,227 shares of the company’s stock valued at $174,637,000 after purchasing an additional 41,437 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Up 0.1 %

VTEB opened at $50.14 on Thursday. The firm’s fifty day moving average price is $50.09 and its two-hundred day moving average price is $50.51. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $49.49 and a fifty-two week high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were given a dividend of $0.1317 per share. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, February 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.