Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Stock Holdings Boosted by Glassman Wealth Services

Glassman Wealth Services raised its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 7.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 161,653 shares of the company’s stock after purchasing an additional 11,249 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for approximately 1.4% of Glassman Wealth Services’ investment portfolio, making the stock its 10th largest position. Glassman Wealth Services’ holdings in Vanguard Tax-Exempt Bond ETF were worth $8,104,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Life Planning Partners Inc increased its position in shares of Vanguard Tax-Exempt Bond ETF by 3,575.6% during the fourth quarter. Life Planning Partners Inc now owns 1,387,949 shares of the company’s stock valued at $69,578,000 after buying an additional 1,350,188 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of 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 valued at $1,613,332,000 after buying an additional 1,003,475 shares during the period. Franklin Resources Inc. increased its position 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 valued at $269,411,000 after buying an additional 818,486 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Vanguard Tax-Exempt Bond ETF by 35.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,041,612 shares of the company’s stock valued at $104,367,000 after buying an additional 535,526 shares during the period. Finally, Jordan Park Group LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter valued at about $23,287,000.

Vanguard Tax-Exempt Bond ETF Trading Up 0.3 %

Shares of NYSEARCA VTEB opened at $50.66 on Friday. Vanguard Tax-Exempt Bond ETF has a 1 year low of $49.49 and a 1 year high of $51.17. The company’s 50-day moving average is $50.11 and its 200 day moving average is $50.50.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, March 3rd will be paid a dividend of $0.1317 per share. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change 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.