Kestra Investment Management LLC Has $38.45 Million Stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Kestra Investment Management LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 767,016 shares of the company’s stock after purchasing an additional 62,228 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for 1.5% of Kestra Investment Management LLC’s investment portfolio, making the stock its 18th largest holding. Kestra Investment Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $38,450,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Merkkuri Wealth Advisors LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 1.8% in the 3rd quarter. Merkkuri Wealth Advisors LLC now owns 11,451 shares of the company’s stock worth $585,000 after acquiring an additional 202 shares in the last quarter. FSC Wealth Advisors LLC grew its holdings in Vanguard Tax-Exempt Bond ETF by 3.3% during the fourth quarter. FSC Wealth Advisors LLC now owns 6,842 shares of the company’s stock valued at $343,000 after purchasing an additional 216 shares during the period. Cypress Wealth Services LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 0.7% in the 4th quarter. Cypress Wealth Services LLC now owns 31,684 shares of the company’s stock worth $1,588,000 after acquiring an additional 223 shares during the last quarter. Family Investment Center Inc. increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 4.1% in the fourth quarter. Family Investment Center Inc. now owns 5,651 shares of the company’s stock worth $283,000 after purchasing an additional 223 shares in the last quarter. Finally, Allen Capital Group LLC grew its stake in Vanguard Tax-Exempt Bond ETF by 4.0% in the 4th quarter. Allen Capital Group LLC now owns 5,971 shares of the company’s stock valued at $299,000 after buying an additional 227 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of Vanguard Tax-Exempt Bond ETF stock opened at $50.19 on Tuesday. Vanguard Tax-Exempt Bond ETF has a 12-month low of $49.49 and a 12-month high of $51.17. The company’s 50-day moving average price is $50.14 and its 200-day moving average price is $50.52.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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