Theory Financial LLC Sells 510 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Theory Financial LLC trimmed its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 1.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 33,710 shares of the company’s stock after selling 510 shares during the quarter. Theory Financial LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,690,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. 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 in the last quarter. Franklin Resources Inc. lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 18.2% in 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 in the last quarter. LPL Financial LLC lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 9.5% in the third quarter. LPL Financial LLC now owns 4,990,070 shares of the company’s stock valued at $255,092,000 after buying an additional 433,676 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its position 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 valued at $192,395,000 after purchasing an additional 219,309 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 1.2% during 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 Price Performance

VTEB opened at $50.36 on Friday. The company’s 50-day moving average is $50.08 and its 200 day moving average is $50.50. 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 company also recently declared a dividend, which was paid on Wednesday, February 5th. Investors 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.

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.