LPL Financial LLC Has $271.29 Million Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

LPL Financial LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 8.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,411,784 shares of the company’s stock after acquiring an additional 421,714 shares during the quarter. LPL Financial LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $271,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Millstone Evans Group LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at $57,000. Gutierrez Wealth Advisory LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at about $3,910,000. Truepoint Inc. bought a new position in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at about $206,000. SigFig Wealth Management LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 5.3% during the 4th quarter. SigFig Wealth Management LLC now owns 136,967 shares of the company’s stock valued at $6,869,000 after purchasing an additional 6,845 shares during the period. Finally, HUB Investment Partners LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 41.7% during the 4th quarter. HUB Investment Partners LLC now owns 58,412 shares of the company’s stock valued at $2,928,000 after purchasing an additional 17,204 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

Vanguard Tax-Exempt Bond ETF stock opened at $49.78 on Monday. 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 $50.09 and its two-hundred day moving average is $50.42.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.