American Financial & Tax Strategies Inc. Buys 2,914 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

American Financial & Tax Strategies Inc. lifted its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 2.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 107,663 shares of the company’s stock after acquiring an additional 2,914 shares during the period. Vanguard Tax-Exempt Bond ETF makes up about 2.8% of American Financial & Tax Strategies Inc.’s investment portfolio, making the stock its 9th largest position. American Financial & Tax Strategies Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $5,397,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings 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 purchasing an additional 1,003,475 shares during the last quarter. Raymond James & Associates lifted its position in Vanguard Tax-Exempt Bond ETF by 0.4% during the third quarter. Raymond James & Associates now owns 17,969,381 shares of the company’s stock worth $918,595,000 after acquiring an additional 75,969 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of 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 acquiring an additional 818,486 shares during the period. LPL Financial LLC boosted its holdings 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 worth $255,092,000 after acquiring an additional 433,676 shares during the period. Finally, Cliftonlarsonallen Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 219,309 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB opened at $50.30 on Friday. The business has a fifty day simple moving average of $50.26 and a 200 day simple moving average of $50.53. Vanguard Tax-Exempt Bond ETF has a 1 year low of $49.49 and a 1 year high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were paid a $0.1317 dividend. The ex-dividend date 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.